Brazilian independent finds light oil in Reconcavo onshore

Independent Brazilian oil company Marítima Petróleo e Engenharia Ltda., a unit of Brazilian firm Synergy Group Corp. (formerly Rainier Engineering Ltd.), reported making a light oil discovery with a well drilled on Block BT-REC-3, which lies onshore in Brazil's Bahia state in Recôncavo basin about 120 km from Bahia state's capital of Salvador."We discovered estimated reserves of 2.5 million bbl of 35º gravity oil onshore Bahia state," Flavio Mach Barreto, Marítima exploration and production director, told OGJ. The director emphasized that these estimated reserves were "very conservative" and that "through secondary recovery, this figure might double." The ...

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