Petrobras (NYSE: PBR) said Feb. 10 that the Libra Consortium drilled and tested the first appraisal well in the Libra area.
The 3-BRSA-1255-RJS (3-RJS-731) well is known as NW1. It is in the northwest portion of the Libra block in the Santos Basin presalt, about 4 km southeast of the discovery well 2-ANP-2A-RJS, and 185 km off the Rio de Janeiro coast, the company said.
Drilling results confirmed a roughly-290 m oil column and high quality reservoirs. Two production tests carried out in two different zones confirmed the productivity and quality of these reservoirs’ 27-degree API oil , the company said.
Petrobras is the operator of Libra Consortium with 40% interest. Shell has 20%; Total SA (NYSE: TOT) has 20%; China’s CNPC and CNOOC each have 10%. Brazil’s state-owned Pre-Sal Petroleo SA is also a member.
Recommended Reading
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
Antero Midstream Buys Summit Midstream Assets in $70M Deal
2024-05-03 - The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.
NSTA Offers 31 More Licenses in Latest Licensing Round
2024-05-03 - The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
2024-05-03 - Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.