Libra may reach 15 billion barrels of recoverable oil

abarrelfullabarrelfull wrote on 31 Jul 2013 06:04

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The National Agency of Petroleum, Natural Gas and Biofuels confirms Libra oil discovery made in pre-salt well in 2 - ANP - 2 - RJS, in a completely belonging to the Union The volume of recoverable oil from the Union may vary between 3 , 7 and 15 billion barrels, with a best estimate of 7.9 billion barrels, according to the assessment of the certifier Gaffney, Cline & Associates. This discovery, located in the "giant Libra prospectus" as expressed in the report of the certifier, greatly appreciates the heritage of the Union

The well is located 183 km off the coast of Rio de Janeiro, at a water depth of 1964 m.

Importantly, only this prospectus Libra is likely to have a volume of recoverable oil superior to current proven reserves of Brazil, close to 14 billion barrels of oil.

Well 2 - ANP - 1 - RJS in the prospectus of Franco, and 2 - ANP - 2A - RJS in Libra, were drilled in the area of ​​Union with the aim to increase knowledge about the potential of the Brazilian pre-salt.

To date, the depth reached in the pit in Libra is 5,410 m, with 22 meters drilled in the subsalt. The planned final depth of about 6,500 m, is estimated to be reached in early December.

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