Imetame starting Sao Francisco push

Starting line: Imetame targeting Sao Francisco spud next week

Imetame Energia has kicked off a two-well exploratory push in Brazil’s onshore Sao Francisco basin, with the first probe starting next week, the company told Upstream.

The Brazilian player plans to spud its Alegria well, or 1-IMET-6-MG, in the SF-T-104 block on 19 December.

It aims to drill to 2500 metres vertically to start out, with the ultimate goal of testing a "very large" potential gas formation of between 300 and 500 square kilometres.

"Chances are we will discover gas at low permeability reservoirs and future fracs will be necessary to have economic gas production," Renato Darros de Mattos, director of E&P, told Upstream.

Next up, slated for a February state date, is the Confianca well on block SF-T-114.

The probe, 1-IMET-7-MG, will be drilled on block SF-T-114 to a target depth of 2500 metres.

Imetame has a 51% stake in both blocks, while Codemig and Cemig, two Minas Gerais state companies, have 24.5% shares each.

Imetame also has a stake in the SF-T-132 block, where "fracing and new wells are expected to be performed last year."

That area could contain "very large" prospective resources of as much as 5 trillion cubic feet, the company said.

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