Brazilian state-run oil company Petrobras said Jan. 29 that it has discovered hydrocarbons in a presalt area of Campos Basin.
Wildcat well BRSA-1377-RJS, also known as Urissanê, found hydrocarbon in reservoirs in the presalt section, Petrobras said in a news release. Water depth in the area is 2,950 m.
“The well data will be analyzed to better assess the potential and direct the exploratory activities in the area,” Petrobras said in a news release.
Holding a 50% stake, Petrobras is the operator of block C-M-411 where the discovery was made. The company’s partner is Exxon Mobil Corp.
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy, Occidental Petroleum and Laredo Petroleum say their first-quarter oil production will be hit by a recent winter storm.
The number of pipeline and storage terminal projects proposed to move shale to the U.S. Gulf Coast has dwindled amid steps by oil producers to pare exploration spending.
Diamondback Energy and Parsley Energy topped Wall Street profit estimates on May 4 and said they plan to cut expected oil output this month as the shale producers battle an unprecedented slump.