Petrobras in Entorno de Iara find

May 8, 2013

Etorno De Iara mapPetrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region.

Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2,266m, 235km off Rio de Janeiro state.

The discovery was confirmed through wire test samples of good quality oil (26-degree API) collected from carbonate reservoirs of excellent quality located just below the salt layer, at a depth of 5,045m. The well was completed at a depth of 5,580m, after achieving the objectives outlined in the Transfer of Rights Agreement.

A formation test and the drilling of another well are scheduled in this area in order to evaluate the productivity of the reservoirs that contain oil, as outlined in the Mandatory Exploratory Program of the Transfer of Rights Agreement.



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