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Potential new sources of oil in Santos basin, Brazil

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Article Summary: The consortium managing the process includes Petrobras, BG E&P Brazil and Repsol Sinopec Brazil, with the break down in partnership as follows: Petrobras (60 percent), BG E&P Brazil (20 percent) and Repsol Sinopec Brazil (20 percent). The operations of the well would be in compliance with the Discovery Evaluation Plan (PAD), authorised by Brazil’s National Petroleum, Natural Gas and Bio Fuels Agency (ANP). - Jess Potts

Petroleo Brasileiro S.A. (Petrobras) stated recently that it has finished the formation test on well 1-SPS-98 (1-BRSA-1063-SPS). Among the geoscientists, the well is known as Sagitario. It is located in very deep waters - 6,183 feet (1,871 meters) off the Santos Basin pre-salt in Brazil (one of the hot spots for Oil & Gas in Latin America). The basin falls under the offshore pre-salt category (South Atlantic Ocean, at a distance of 300 kilometres (190 mi) south east of São Paulo, Brazil), covering an area of 352,260 square kilometres (136,010 sq mi). Some of the prominent wells in the Basin are Tupi, Jupiter and Libra.

The findings are in line with an earlier announcement by the company related to the discovery to the international energy community. At that time, the well was still in the drilling stage. The results have confirmed the presence of carbonate reservoirs with excellent permeability. The well has the distinction of being the pioneering exploration effort to be drilled in block BM-S-50.

Currently, the well is estimated to have reached a depth of 23,326 feet (7,110 meters), while it started initially at a depth of 20,157 feet (6,144 meters). The technical personnel concerned with the discovery have reported 521 feet (159 meters) of pre-salt reservoirs consisting of high quality oil (32 degree API).

The consortium managing the process includes Petrobras, BG E&P Brazil and Repsol Sinopec Brazil, with the break down in partnership as follows: Petrobras (60 percent), BG E&P Brazil (20 percent) and Repsol Sinopec Brazil (20 percent). The operations of the well would be in compliance with the Discovery Evaluation Plan (PAD), authorised by Brazil’s National Petroleum, Natural Gas and Bio Fuels Agency (ANP). - Jess Potts

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