Petrobras finds good quality oil in Guara Sul presalt

Petroleo Brasileiro SA said it has discovered good quality oil in the third well drilled in the Sul de Guara region of the Santos basin presalt cluster offshore Brazil.

The 1-BRSA-1045-SPS (1-SPS-96) discovery well detected 27° gravity oil in carbonate reservoirs below salt on wireline tests. The drillsite is in 2,202 m of water 320 km off Sao Paulo state in the southern part of Sapinhoa field.

The well is being deepened to 5,058 m to determine the lower limit of the reservoir. After drilling is completed, a formation test will be conducted to evaluate the productivity of the oil reservoirs, in line with the activities and investments set out in the mandatory exploration program annexed to the Rights Transfer Contract.

According to the Rights Transfer contract, Petrobras is entitled to produce as much as 319 million bbl of oil equivalent in this area.

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