Onshore Oil Discovery in Espirito Santo Basin

Source: www.gulfoilandgas.com 4/16/2015, Location: South America

Petrobras announces the discovery of an onshore oil accumulation in Espirito Santo Basin.

The discovery was made by drilling wild cat well 1-BRSA-1302-ES (ANP nomenclature), informally known as Guayacan. This well comprises the Discovery Evaluation Plan (PAD) of Tabebuia and is located some 120 km from the city of Vitoria.

Reservoirs are located at 711 meters deep and well drilling reached 1,312 meters.

Petrobras is the operator and detains 100% of exploratory block ES-T-495. The discovery will be evaluated by formation tests, as part of the Evaluation Plan’s exploratory program.

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