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Petrobras announce two new oil discoveries offshore Brazil

12/05/2020
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Oil giant Petrobras confirmed oil finds of excellent quality in the pre-salt areas of the Búzios and Albacora fields offshore Brazil. The fields are in the Santos and Campos basins respectively.

Locations of Petrobras' offshore drilling activity
(Image via Petrobras)

Búzios find

Located 210km from Rio de Janeiro is the Búzios pre-salt field, in the Santos Basin. Petrobras drilled in the Southeast area of the field at a water depth of 2,108 metres.

They identified 208 metres of excellent quality reservoirs, confirming oil with the same quality as that already being produced from elsewhere in the field.

"This well is in the drilling process and have already been identified 208 meters of reservoirs, confirming oil with the same quality as the oil produced today in this field. The oil, of excellent quality and compatible with other wells in this field, was proven through tests carried out from 5,400 meters depth," the company said.

Petrobras are the operator of the Búzios field, with a 90% ownership as part of a consortium with CNOOC (5%) and CNODC (5%). 

Albacora find

Petrobras drilled in 4,630 metres water depth in the Albacor field, inside the Plano de Avaliação de Descoberta (PAD) of Forno area, in the Campos Basin pre-salt, 184 km from Macaé. 

"The well has a water depth of 450 meters. The Discovery consists of approximately 214 meters of reservoirs, with the presence of light oil, proven through tests carried out from 4,630 meters depth," Petrobras said.

Petrobras hold 100% of the Albacora field.

An FPSO used by Petrobras for offshore drilling in Brazilian waters
(Image via Petrobras)

Successful operations

The finds follow a record month for Petrobras, despite the current climate. The company reported exporting 1 million barrels of oil per day - beating the previous record of 771,000 barrels per day, set in December 2019. 

In response to concerns about the fall in oil prices, Petrobras commented that they will be directing efforts to export production after meeting domestic demand. 

“We are attentive to international movements and accessing all markets. Our oil, which is low sulphur, maintains its value in the international market due to the specifications of IMO 2020 ”, informs Anelise Lara, Chief Refining and Natural Gas Officer at Petrobras.

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Petrobras announce two new oil discoveries offshore Brazil - Time to read 2 min
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