Petrobras hits hydrocarbons in pre-salt wildcat

Brazilian state-owned oil giant Petrobras has found hydrocarbons in a wildcat well located in the pre-salt Campos Basin offshore Brazil.

January 29, 2021 Stu Turley Exploration and Production, International News
Petrobras -Energy News Beat

Petrobras informed on Friday that it has identified the presence of hydrocarbon in the wildcat well of block C-M-411, located in the pre-salt of the Campos Basin, in Rio de Janeiro state.

Block C-M-411 - Petrobras
Block C-M-411; Source: Petrobras

The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast, in a water depth of 2,950 meters, being verified the presence of hydrocarbon in reservoirs of the pre-salt section.

Petrobras said that the well data will be analyzed to better assess the potential and direct the exploratory activities in the area.

Block C-M-411 was acquired in September 2017 together with blocks C-M-210, C-M-277, C-M-344, C-M-346, and C-M-413, in the 14th Bidding Round of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), under the concession regime.

Petrobras is the operator of the block and holds a 50 per cent stake in partnership with ExxonMobil Exploração Brasil Ltda. (50 per cent).

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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