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Espirito Basin find for Petrobras
Posted 12.07.2012 09:37:39 av John Bradbury
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Brazil's Petrobras has reported a new deepwater oil discovery in the Espirito Santo Basin.

After drilling in a water depth of 1,208 metres (3,962 feet), Petrobras said its Grand Padano well, located 64 km (50 miles) from the Golfinho field, and within the BM-ES-24 concession area covering block ES-M-661, encountered a new oil accumulation in a post-salt interval.

“The discovery was confirmed by the gas detector response and profiling data for reservoirs at a depth of 2008 meters, (6,586 ft),” said Petrobras, which operates the concession with 70%, while IBV Brazil holds 30% licence equity.

Together with IBV, Petrobras says it intends to continue exploration on the block and will submit a proposal for assessment of the find to the National Petroleum Agency, with the aim of delineating the discovery to estimate reservoir volume and production potential.

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