Petrobas Confirms Oil Well Discovery

Thursday, October 05, 2006
Brazil's state-owned Petrobras confirmed the discovery of a significant amount of light oil in the Santos Basin.

The confirmation was made after the company conducted tests in a vertical well and detected a flow of 4,900 barrels of oil and 150,000 cubic meters of natural gas per day. The highly productive reservoir was found under a 2,000-meter thick layer of salt, also known as pre-salt. Petrobras said it would make further investigations to determine the total oil and gas reserve of the well. According to experts, a reservoir that lies underneath a layer of pre-salt is commercially viable if its total capacity exceeds 700 million barrels.

Although drilling a well of this kind required a big investment, it was worthwhile because the rewards would be high, said Marcio Rocha, a geologist from the Brazilian Association of Petroleum Geologists.

There may be other wells below the pre-salt layers in the deep waters of the Campos Basin in the Rio de Janeiro state, said Rocha. The new well was discovered during exploration being carried out by a consortium comprising Petrobras, the UKs' BG Group and Portugals' Petrogal. Source: Xinhua

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Arctic Oil: Bourbon to Enter Arctic Market in 2016

Bourbon plans to enter the growing Arctic Offshore market in 2016 with a new Anchor Handling Tug Supply (AHTS) vessel built by the Vard shipyard. This AHTS (Anchor

Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.

GAC Starts Hull Cleaning Op'ns in Oman

GAC EnvironHull hull cleaning operations using the brush-and-diver-free HullWiper system starting at the port of Sohar, just outside the Gulf of Hormuz. This

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1268 sec (8 req/sec)