Brazil’s Petrobras makes new oil discovery at Santos Basin

Must Read

Tankers lifting Liza Crude required to comply with Guyana’s pandemic measures

New oil producer Guyana continues to take precautionary measures at offshore installations in response to the global...

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a...

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Brazilian oil and gas company Petrobras said Thursday it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt.

In a press release, the company said that the pioneer well, located about 200 km off the coast of the city of Santos (SP) and with a water depth of 1,995 meters, was discovered to have oil in porous reservoirs in the exploratory prospect known informally as Araucária.

“The well data will be analyzed to better target the exploratory activities in the area and assess the potential of the discovery,” the release said.

Petrobras said that the Uirapuru block, acquired in the 4th Production Sharing Round in June 2018, is inserted in the so-called Pre-salt Polygon, under a production sharing regime, having Pré-sal Petróleo S.A. (PPSA) as manager.

Petrobras is the operator of the block and holds a 30% stake, in partnership with ExxonMobil (28%), Equinor (28%) and Petrogal (14%).

- Advertisement -

Latest News

Tankers lifting Liza Crude required to comply with Guyana’s pandemic measures

New oil producer Guyana continues to take precautionary measures at offshore installations in response to the global...

Be patient: Oil does not disappear – Strengthen institutions for Guyana’s growth

The privatisation in an economy can set in motion a vicious circle. Even without corruption, rapid privatisation means that governments receive less...

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a country office with 80 percent...

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies...

Costly effects of pandemic make Paris Agreement 2050 targets unlikely – Wood Mackenzie

In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to...

More Articles Like This