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February 1, 2021

Petrobras makes hydrocarbons discovery in block C-M-411 offshore Brazil

Brazilian state-owned oil firm Petróleo Brasileiro (Petrobras) has made a hydrocarbon discovery in the wildcat well of block C-M-411 in the pre-salt Campos Basin offshore in Brazil’s Rio de Janeiro state.

By Umesh Ellichipuram

Brazilian state-owned oil firm Petróleo Brasileiro (Petrobras) has made a hydrocarbon discovery in the wildcat well of block C-M-411 in the pre-salt Campos Basin offshore in Brazil’s Rio de Janeiro state.

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The hydrocarbon discovery was made at the well 1-BRSA-1377-RJS, informally known as Urissanê. It is located approximately 200km from the coast and at a water depth of 2,950m.

Petrobras said it will analyse the well data to better assess the potential and undertake exploratory activities in the area.

The firm acquired the block in the 14th Bidding Round of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), under the concession regime, in September 2017.

It was acquired together with blocks C-M-210, C-M-277, C-M-344, C-M-346, and C-M-413.

Petrobras operates the block C-M-411 with a 50% stake while the remaining 50% interest is held by ExxonMobil Exploração Brasil.

Last year, Petrobras made a hydrocarbons discovery in Block C-M-657, in the ultra-deep waters of the Campos Basin.

The 1-BRSA-1376D-RJS (Naru) exploration well is located 308km from Rio de Janeiro, and in a water depth of 2,892m.

Petrobras is the operator of the C-M-657 block and owns a 30% stake in it. Other partners include ExxonMobil (40%) and Equinor (30%).

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Carbon Capture, Utilization, and Storage (CCUS) has emerged as one of the key technologies set to reduce carbon emissions, proving especially useful in projects where eliminating all process emissions is not possible  As a result, Oil & Gas companies are investing in CCUS projects as part of ongoing strategies to reduce their emission footprint and boost sustainability efforts.   Our recent report, CCUS Strategies in Oil and Gas, reveals that the energy sector accounts for approximately three-quarters of total greenhouse gas emissions and has a key role to play in reducing global warming over the coming decades.   Our report will help you:  
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  • Analyze CCUS plant trends 
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