• Wednesday, 16 May, 2012

New Solimoes find for Petrobras

Brazil's Dudu waves his nation's flag after Brazil won the U-20 World Cup championship after defeating Portugal 3-2 on extra time in Bogota, Colombia, Saturday Aug. 20, 2011. (AP Photo/Ricardo Mazalan)

Petrobras scores: Probe turns up high-quality oil

Ricardo Mazalan

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Kathrine Schmidt , Kathrine Schmidt , Kathrine Schmidt , Kathrine Schmidt

 03 February 2012 22:48 GMT

Petrobras has made a new high-quality oil and gas discovery in the Solimoes basin in Brazil's Amazonas state, the company said Friday afternoon.

Production tests from the 1-BRSA-961-AM well, which tapped the Jurua formation, yielded 1400 barrels of 41 API oil per day and 45,000 cubic metres of gas per day.

Informally known as Leste do Igarape Chipata, the well was drilled to a total depth of 3295 metres and is about 25 kilometres from the oil-producing Urucu province in the Coari municipality.

It's the second successful find made in the country's Solimoes T-171 block, where the Igarape Chiabata well, also known as 1-BRSA-769-AM, likewise revealed a discovery.

The Brazilian state oil company has a 100% stake in the project.

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