Petrobras Finds Discovery in the Jequitinhonha Basin

Source: www.gulfoilandgas.com 11/25/2008, Location: South America

Petrobras proved the presence of hydrocarbons in well 1-BRSA-669-BAS (1-BAS-147), located to the south of the Jequitinhonha Basin, in sandy reservoirs located above the salt layer. This discovery proves the basinís good potential.

The well, operated by Petrobras, is located in concession BM-J-3. Petrobras and StatoilHydro are partners in this concession, with 60% and 40% of the stakes, respectively. The block is located some 74 kilometers off the coast of the State of Bahia, at a depth of 2,354 m from the waterline.

The reservoirs that were discovered are arenite reservoirs and are at a depth of approximately 3,630 m. The extent of the field and its economicity will be assessed at a later time in an Assessment Plan (AP) to be proposed to the National Petroleum Association (NPA), as provided for by the concession agreement.

Drilling will continue to deeper horizons, giving continuity to the originally planned studies.


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