published Fri, February 10, 2012
Petrobras confirms Franco area potential
Petrobras announces that drilling of the first well after the execution of the Transfer of Rights Agreement has been completed.
Results confirm the extension of oil reservoirs northwest of the
discovery well at the Franco area, in the Santos Basin pre-salt
area. The well referred to as 3-BRSA-944A-RJS (3-RJS-688A) and
known as Franco NW, is located at a water depth of 1,860 meters,
and 188 km off the city of Rio de Janeiro and 7.7 km northwest of
discovery well 2-ANP-1-RJS (Franco).
The discovery was confirmed by good quality oil samples
(28ยบ API), obtained by cable tests collected from 5,460 meters. The
well confirmed the same oil/water contact as the discovery well,
having drilled through excellent quality carbonate rock reservoirs
and thicknesses similar to those found in well 2-ANP-1-RJS
(Franco).
A formation test will be conducted next to assess the
well's productivity and Petrobras will proceed with the activities
and investments included in the Minimum Exploratory Program (PEO)
of the Transfer of Rights Agreement, which also includes the
acquisition of 3D seismic data of the area.
Date: 10/02/2012