From the Newsroom*
São Paulo – Brazilian state-owned oil company Petrobras announced (29th) a discovery of an "important accumulation of petroleum" in shallow waters at the southern portion of the Santos Basin, along the coastline of the state of São Paulo (SE Brazil). According to the company, the drilling of well x1-BRSA-607-SPS (1-SPS-56) proved presence of light oil in reservoirs located above the salt layer.
The company, which is the sole concession holder for bloc BM-S-40, where the reserves are located, also informed that tests point to high flow and a production potential of 12,000 barrels per day in each well.
The exploration well is located 275 kilometres to the south of the city of Santos, where the sea reaches depths of 235 metres. Tests are being conducted in a reservoir shortly over 2,000 metres deep. Petrobras also informed that it is going to drill another exploration well in the same bloc starting in July.
*Translated by Gabriel Pomerancblum
