Petrobras announced that it has completed drilling wildcat well 1-BRSA-1205-RNS (Pitu), located in the Potiguar Basin. The results confirm the discovery of intermediate oil as previously announced to the market on 17 Dec 2013.
The Pitu well sits at a water depth of 1731m, 55km off the coast of the state of Rio Grande do Norte.
The well reached the total depth of 5353m and detected a hydrocarbon column of 188m. A formation test was carried out, which confirmed the reservoir’s satisfactory permeability and porosity.
Based on the results obtained, the consortium will proceed with the exploratory activities, with the aim of proposing a discovery evaluation plan to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP).
Petrobras is the operator of concession BM-POT-17, with an 80% interest, in partnership with Petrogal Brasil S.A., which holds the remaining 20%.
As a result of the on-going farm-out process and after obtaining the necessary approval from Brazilian authorities, BP Energy do Brasil Ltda will join as a concessionaire and the interests of the consortium members in BM-POT-17 will be as follows: Petrobras - 40% (operator), BP Energy do Brasil Ltda - 40% and Petrogal Brasil S.A - 20%.
Subscribe
