Brazil’s Oil Output Hits Record as War Drives Up Non-OPEC Supply
Oil production in Brazil reached a record high in June as rising supplies from producers a world away from the Middle East cushion disruption from the fallout of the war in Iran.
Petrobras today announced the discovery of a new accumulation of good quality oil (26º API) in the Santos Basin pre-salt reservoirs.
The discovery resulted from drilling well 4-BRSA-818 (4-RJS-668), named MacunaÃma, at a water depth of 2,134 meters, located in the 1-RJS -617D (Parati) assessment area and 244 km off the coast of Rio de Janeiro State.
The discovery was confirmed through oil logging via cable test in the reservoirs located at a depth of about 5,680 meters.
Petrobras is the operator of the consortium for the exploration of block BM-S-10 (65%), which is also composed of BG Group (25%) and Partex Brasil (10%).
The consortium will continue the activities and investments necessary to assess the deposits discovered in this area as per the Evaluation Plan approved by the National Petroleum Regulator (ANP), the completion of which is expected to take place in April of 2012.
Source: Petrobas
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up