Inpex Corp. reported early results from an appraisal well drilled in the Espirito Santo basin offshore Brazil.
The well, drilled in the BM-ES-23 concession, “discovered deposits of quality oil” at about 3,550 m. Inpex said oil was confirmed through analysis of logging data and fluid samples obtained by a wireline tester.
Drilling will continue to 4,500 m, the company said. The concession is about 115 km off the southeastern coast in 1,800-2,000 m of water. Operator Petroleo Brasileiro SA (Petrobras) has 65%. Other partners include Royal Dutch Shell PLC 20% and Inpex 15%.
