Fourth well in the Iara area confirms extension of discovery in pre-salt of Santos Basin

abarrelfullabarrelfull wrote on 07 Mar 2013 13:37
Tags: bg-group brazil galp petrobras s-america upstream

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Galp Energia, partner of the consortium for the exploration of block BM-S-11, informs about results from the well 3-BRSA-1132-RJS (3-RJS-706), informally known as Iara West-2, located in the Iara Evaluation Area, in the pre-salt of Santos Basin.

The well is located 226 km off the coast of Rio de Janeiro, at around 6 km from the Iara discovery well, at a water depth of 2,197 meters.

This is the fourth well drilled in the Iara area, and results, which were obtained by sampling through cable testing, proved the presence of oil with 28º API in carbonate reservoirs of good quality, located from 5,260 meters deep. The well continues to be drilled in order to find the oil-water contact.

The consortium will carry on the activities set in the Evaluation Plan approved by the National Petroleum, Natural Gas and Biofuels Agency, including a formation test to evaluate the productivity of the reservoir.

Galp Energia, through its subsidiary Petrogal Brasil, holds a stake of 10% in the contractor group that explores BM-S-11, while Petrobras (operator) holds 65% and BG Group holds the remaining 25%.

Galp Energia holds stakes in three other blocks in this basin with high exploratory potential: BM-S-8 (14%), BM-S-21 (20%) and BM-S-24 (20%).

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