Petrobras Discovers More Petroleum At Santos Basin


The Petrobras state-owned oil company discovered a new petroleum reserve at the Santos Basin, by perforating a well located at Bloc BS-500. The well reached a final depth of 4,528 meters, where oil was found with different characteristics from that found at a depth of between 2,524 and 4,210 meters. Petrobras will step up its activities in the region. Besides delimiting this most recent discovery, the company will prioritize drilling at the Bloc BS-500, aimed at discovering new deposits. A drilling offshore platform will be set up to work exclusively at this location. Petrobras currently has 12 wells drilling at the Santos Basin - two that are exclusively their own and 10 in partnerships with international oil companies.