Petrobras strikes Iguacu Mirim oil

August 8, 2013

Petrobras encountered oil in well 3-SPS-101 (3-BRSA-1179-SPS), in the Carioca Discovery Evaluation Plan area, block BM-S-9, Santos Basin pre-salt. The well, also known as Iguaçu Mirim, is located 303km off the coast of the state of São Paulo, 34km south of the discovery well (1-SPS-50 - Carioca) and 9km south of the Iguaçu well (4-BRSA-709-SPS), at a water depth of 2158m.

This new discovery was confirmed through oil samples of approximately 20° API, taken via cable test from pre-salt carbonate reservoirs starting at a depth of 4850m.

The BM-S-9 consortium is operated by Petrobras (45%) in partnership with BG E&P Brasil (30%) and Repsol Sinopec Brasil (25%). The deadline for the declaration of commerciality is December 31, 2013.



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