Brazil: Petrobras Makes New Oil Discovery in Ceara Basin

Petrobras has successfully verified the presence of oil in deepwater of Ceará Basin during drilling operations of 1-BRSA-1080-CES (1-CES-158) well.

The well commonly known as Pecém is located 76 km away from the county of Paracuru, on the Ceará state coast, at a water depth of 2,129m. The well’s current depth is 4,410m and the drilling shall continue down to 5,500m.

The discovery occurred in siliciclastic reservoirs of Paracuru Formation, verified due to the evidence of hydrocarbon, during drilling operations, logging analysis and results of wireline tests. The samples of fluid collected from the well indicated the presence of liquid hydrocarbonate to be defined by means of laboratory analysis.

Petrobras operates the BM-CE-2 concession, with 60% interest, in consortium with BP Energy do Brasil Ltda, which holds 40%.

The Consortium will continue the operations to complete the drilling project of the well until the estimated depth, check the extension of the new discovery and define the permeability and porosity of the reservoirs.

Press Release, August 03, 2012

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