Panoro Completes Drilling in Block BM-S-63

Source: www.gulfoilandgas.com 10/25/2012, Location: South America

Panoro Energy ASA, the independent oil and gas company with assets in West Africa and Brazil announces that the drilling of the Canario well is completed.

The Canario exploration well 1-VBEP-2-SPS was drilled in Concession BM-S-63 (Block S-M-1036) in the Santos basin. The well is located about 230 km south the town of Santos, Sao Paulo State, Brazil, in water depths of 200 meters. The well has reached a final depth of 4450 meters.

Panoro Energy ASA is currently evaluating the drilling results of the Canario prospect. However, preliminary data indicate that the well has not encountered material reservoirs with hydrocarbon. Following the abandonment of this well, the GSF Arctic I rig will be moved to drill the third prospect in the exploration campaign, the Jandaia Prospect, which is expected to be spudded within two weeks.

Panoro Energy holds a 15 % working interest in this block and its share of the drilling costs for the Can?rio well have been fully carried. The partners are Vanco Brasil Exploraç?o e Produç?o de Petr?leo e Gas Natural Ltda (Operator 70%) and Brasoil Round 9 Exploraç?o Petrol?fera Ltda (15%).


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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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