Petrobras announces that the first well drilled after the execution of the Transfer of Rights agreement has confirmed the extension of the oil reservoirs located to the northeast of the discovery well of Franco area, in the Santos Basin pre-salt.
The new well, referred to as 3-BRSA-944A-RJS (3-RJS-688A), informally known as Franco NW, is situated at a water depth of 1860 meters, some 188 km from the city of Rio de Janeiro and 7.7 km northeast of discovery well 2-ANP-1-RJS (Franco).
The discovery was confirmed through good quality oil samples (28 degree API) obtained from cable tests. The samples were collected from 5460 meters from carbonate rock reservoirs of similar thickness to those registered in the discovery well.
The well is still in the drilling phase with the aim of reaching the base of the reservoirs with oil. After the drilling phase is complete, Petrobras will continue with the activities provided in the Mandatory Exploratory Program of the Transfer of Rights agreement, including the acquisition of 3D seismic data.
