Petrobras $PETR3 (-1,09 %)
$PETR4 (+0,64 %) has discovered high-quality oil without impurities in the pre-salt of the Santos Basin during an exploratory drilling in the Aram block off the Brazilian coast.
The well, 3-BRSA-1396D-SPS, is located 248 km from the city of Santos-SP at a water depth of 1,952 meters.
The well has been completed with an oil bearing interval confirmed by electrical logs, gas detections and fluid samples.
The Aram consortium will commence laboratory analysis to characterize the conditions of the reservoirs and fluids encountered, which will enable the evaluation of the area's potential. In addition, two further wells will be drilled and a drill stem test will be carried out as part of the Appraisal Plan (AP).
The AP has a deadline of 2027 and additional data acquisition activities may be carried out, according to the planning and contractual obligations established with the National Agency for Petroleum, Natural Gas and Biofuels (ANP).
The Aram block was acquired in March 2020 in the sixth ANP bidding round under the Production Sharing Regime with Pré-Sal Petróleo S.A. (PPSA) as manager.
Petrobras is the operator of the block and holds an 80% stake, together with CNPC (20%).