Brazil: Petrobras Completes Another Well in Franco Area

Petrobras has completed drilling another well in the Franco area (Santos Basin pre-salt), included in the Right’s Transfer agreement.

Known as the 3-BRSA-1184-RJS (3-RJS-723), the well is located at a water depth of 2,011 meters, some 200 km from the city of Rio de Janeiro and 7.5 km southeast of discovery well 2-ANP-1-RJS (Franco).

The new well has confirmed the presence of good quality oil (28º API) in excellent carbonate reservoirs below the salt layer, starting at a depth of 5,398 meters. A total depth of 5,900 meters was reached after a 396-meter column of oil was confirmed.

Samples were collected in reservoirs of thickness similar to that of the discovery well, confirming the extension of these oil reservoirs towards the eastern section of the Franco block.

The drilling of this well is an addition to the mandatory exploration program for Franco, designed to improve volume delimitation.

Under the Right’s Transfer Agreement, Petrobras is entitled to produce up to 3,058 billion barrels of oil equivalent in Franco. The exploratory phase is under way and is expected to be completed by September 2014.

Press Release, November 20, 2013

 

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