E&D action picks up in Santos basin off Brazil

Click here to enlarge imageExploration is slowly picking up in the Santos basin off Brazil.Petroleo Brasileiro SA (Petrobras) in mid-May announced a deepwater crude oil discovery on the same block where a 1999 discovery failed to hold up to the company's initial reserves assessment.The 1-RJS-551 discovery well is in 1,498 m of water on Block BS-500.The discovery is in the eastern Santos basin off Rio de Janeiro state, 170 km south-southeast of Rio de Janeiro. The well, drilled to 4,528 m, penetrated several intervals between 2,524 m and 4,210 m that contained crude oils of varying characteristics.The interval with favorable characteristics for production has 50 m of porosity distrib...

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