Exploration/Development Briefs

Argentina Argentina's La Pampa province has granted Americas Petrogas Inc., Calgary, an exploitation license on the Medanito Sur concession in the eastern Neuquen basin. The company noted that the 26,000-acre concession is in the part of the basin that contains conventional oil and gas and that the 25-year license provides the opportunity for further development on the block. Brazil A Petrobras group has found light oil in presalt reservoirs in the Carioca field assessment area in the deepwater Santos basin offshore Brazil. The well, designated 3-BRSA-1023 (3-SPS-85) or Carioca Sela, sampled 27° gravity oil at an approximate depth of 5,250 m. The well is in 2,149 m of water 4.5 km from th...

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