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May 17, 2010

Petrobras Finds Oil in Campos Basin

Brazilian state-run energy giant Petrobras has discovered traces of oil in the Albacora Leste block of the Campos Basin, according to the National Petroleum Regulator. The discovery was made in an offshore field known as 6BRSA811DRJS, 80% of which is owned by Petrobras with the rest

By cms admin

Brazilian state-run energy giant Petrobras has discovered traces of oil in the Albacora Leste block of the Campos Basin, according to the National Petroleum Regulator.

The discovery was made in an offshore field known as 6BRSA811DRJS, 80% of which is owned by Petrobras with the rest belonging to Spain’s Repsol.

The well is being drilled by the Gold Star rig, aiming at a total depth of 5,138m in 1,955m of water.

The oil discovery has not yet been declared commercially viable.

The Albacora Leste block is estimated to hold reserves of 565 million barrels of heavy oil.

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