By OGJ editors
HOUSTON, Oct. 6 -- A group led by Brazil's Petroleo Brasileiro SA (Petrobras) agreed to accelerate its exploration program based on results from a light oil discovery on Block BM-S-11 in a frontier section of the Santos basin 150 km off Rio de Janeiro, said partner BG Group PLC.
The Tupi well, in 2,126 m of water, flowed 4,900 b/d of 30° gravity crude and 4.3 MMscfd of gas from a deep presalt reservoir through a 5/8-in. choke. Tupi involves a large structure that requires appraisal drilling and evaluation.
Petrobras, operator, has a 65% stake in the frontier block. BG Group holds 25% interest, and Petrogal 10% interest.
