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Petrobras well proves Tupi reserves

Petrobras said that the drilling of an additional well in the Tupi area has further confirmed estimates of a potential of 5 to 8 billion barrels of recoverable light oil and natural gas in the pre-salt layers of that field.

Drilling is still underway seeking for other objectives at greater depths.

The third well, 4-BRSA-711-RJS (4-RJS-647), is 33 kilometres to the Northeast of the first Tupi well, 1-RJS-628, and showed similar oil type and quality reservoirs, supporting the original estimations for the area.

The first well, known as Iracema, is about 250 kilometres off the coast of the state of Rio de Janeiro at a water depth of 2210 metres, following the Tupi Evaluation Plan, the company said in a statement.

The discovery was proved from light oil samples (about 30 API) through cable testing in reservoirs at a depth of about 5000 metres and having been notified to the National Petroleum Agency (ANP) today.

The company said that following the conclusion of the drilling, the consortium composed by Petrobras (65% - Operator), BG Group (25%) and Galp (10%), jointly responsible for the exploration of the BM-S-11 Block, will continue activities and investments forecasted in the Evaluation Plan approved by ANP, which also considers the drilling of other wells in the area.

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