Santos oil discoveries added in ultradeep, shallow water

Groups led by Brazil’s Petroleo Brasilerio SA in recent weeks have added another heavy oil discovery in ultradeep water and a light oil in shallow water in the Santos basin in the Atlantic Ocean off Brazil.A consortium comprised of Petrobras 66%, Royal Dutch Shell PLC 20%, and Galp Energia SGPS SA 14% made the oil discovery on ultradeepwater Block BM-S-8 south of Rio de Janeiro.And Petrobras as sole concessionaire made the light oil discovery on a group of blocks designated BM-S-40 in the far southern part of the basin.Ultradeepwater findOperator Petrobras said it proved the presence of oil in presalt reservoirs on the ultradeepwater block after drilling well 1-BRSA-532A-SPS (1-SPS-...

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