Petrobras makes Santos Basin discovery
Published by Nicholas Woodroof,
The pioneer well is located about 200 km off the coast of the city of Santos (SP), at a water depth of 1995 m, with the discovery of oil in porous reservoirs in the exploratory prospect known informally as Araucária. The well data will be analysed to better target the exploratory activities in the area and assess the potential of the discovery.
The Uirapuru block, acquired in the 4th Production Sharing Round in June 2018, is inserted in the so-called Pre-salt Polygon, under a production sharing regime, having Pré-sal Petróleo S.A. (PPSA) as manager. Petrobras is the operator of the block and holds a 30% stake, in partnership with ExxonMobil (28%), Equinor (28%) and Petrogal (14%).
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03042020/petrobras-makes-santos-basin-discovery/
You might also like
Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale
Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.