Petrobras finds oil in Carioca field off Brazil

Petrobras has tested 2,900 b/d of 27° gravity oil from its exploration well in deepwater Carioca field on Block BM-S-9 in the Santos basin off Brazil.

Sept. 12, 2007

Uchenna Izundu
International Editor

LONDON, Sept. 12 -- Petroleo Brasileiro SA (Petrobras) has tested 2,900 b/d of 27° gravity oil from its exploration well in deepwater Carioca field on Block BM-S-9 in the Santos basin off Brazil. The well also tested 57,000 cu m/day of gas. Both results were constrained by test equipment.

Carioca lies in 2,140 m of water 273 km off southern Rio de Janeiro state. It is near the Tupi discovery on Block BM-S-11, announced last October (OGJ Nov. 20, 2006, p. 43).

The partners, Petrobras, Repsol-YPF Brazil SA, and BG Group, say the find is a significant one. For BG, this is the third well to find hydrocarbons in the new Santos basin presalt play, which has enhanced the company's confidence in the highly prospective area.

Petrobras has a 45% stake, Repsol-YPF 25%, and BG 25%.

Contact Uchenna Izundu at [email protected].