Statoil Confirms Potential of Brazilian Pre-Salt Discoveries

Statoil Confirms Potential of Brazilian Pre-Salt Discoveries

Statoil together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil.

The total estimated resources of the block amount to more than 700 million barrels of light crude and 3 Trillion cubic feet (Tcf) of gas. The estimate includes the Seat, Gávea and Pão de Açúcar discoveries.

“The updated volumes for the pre-salt discoveries confirm the high potential in the Campos Basin and it also strengthens our confidence in our position in the pre-salt Kwanza basin in Angola”, says executive vice president for Exploration in Statoil, Tim Dodson.

“The development of BM-C-33, including the Pão discovery, in 2800 meters of water will represent exciting new challenges for the partnership and the industry. Statoil’s exploration strategy focuses on high impact wells and the deepening of core areas. The pre-salt success shows that we are delivering on our strategy,” says Dodson.

Statoil holds a 35 % interest in the consortium with Repsol Sinopec Brazil as the operator (35%) and Petrobras (30%). The consortium is preparing an appraisal plan to be presented to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The high impact Pão de Açúcar well, as announced earlier this year, encountered a hydrocarbon column of around 500 meters. The well is located 195 kilometers from the coast of the State of Rio de Janeiro.

On 24 May Statoil hosts an Exploration seminar where an update will be given on its exploration strategy and exploration activities worldwide. The seminar will take place in Oslo and will be web-casted.

Subsea World News Staff , May 24, 2012;  Image: Statoil

Share this article

Follow Subsea World News

Events>

<< Jul 2015 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa International Petroleum Conference & Exhibition (AIPEC) 2015

The conference will cover areas like While the Window of Opportunities Continues to Widen for the Oil and Gas Industry, Creating Immense…

read more >

Marine Warranty Surveying

Marine warranty surveyors ensure that best industry practice and correct procedures are followed in the planning and execution of critical…

read more >

Practical Seismic Interpretation with Petrel

The course will cover the essential Geological and Geophysical information necessary to visualize and interpret seismic data…

read more >

4 week Introduction to ROV Systems

The course has been formulated to provide a basic understanding of how to safely perform operations and maintenance on an ROV system…

read more >