Petrobras, currently in need of good news to counter its negative corporate headlines of recent weeks and the tragedy aboard the FPSO Cidade de São Mateus (see separate story, page 10), has churned out announcement of yet another ultra-deepwater discovery but this time in the post-salt.
The operator confirmed the find of heavy oil in concession BM-C-35 (exploratory block C-M-535) in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS / 1-RJS-737, informally known as Basilisco, which is in the same block as the Xerelete find to the south.
The well is situated some 143 km from the city of Armação dos Búzios, on the coast of Rio de Janeiro state, in a water depth of 2,214 m (7,264 ft). The accumulations consist of heavy oil and were found in two different reservoir depths, at 3,190-m (10,466 ft) and at 3,521 m (11,552 ft).
The consortium for BM-C-35, which includes Petrobras (operator with 65%) in partnership with BP (35%), will proceed with the necessary activities to assess the extension of the discoveries, as well as the concession’s exploratory potential.
Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.