🕐29.11.11 - 23:54 Uhr

PETROBRAS - PRESS RELEASE: NEW WELL FINDS GOOD QUALITY OIL AT THE PRE-SALT IN SANTOS BASIN.



Dear Mr/Mrs Ramin Farzanehfar,

 

New well finds good quality oil at the pre-salt in Santos Basin

 
Rio de Janeiro, November 29, 2011 – Petróleo Brasileiro S.A.

- Petrobras informs that it has completed the drilling of the well 4-BRSA-946C-SPS, informally referred to as Biguá, located at block BM-S-8, in ultra deep waters in Santos Basin pre-salt, at 270 km offshore from São Paulo state.
 
During the drilling, it was identified a new accumulation of good quality oil, evidenced by means of an oil sampling of 25 ºAPI, per cable test, in pre-salt reservoirs located around 5,380m of depth.

New studies will be carried out from the data obtained in this well, enabling a better appraisal of the size of this accumulation.
 
The well is located in the 1-BRSA-532A-SPS (Bem-te-vi)’s Discovery Appraisal Plan area, at 21 km from the wildcat well, at a water depth of 2,180m.
 
On a few days there will be started the drilling of the third well in the area, known as Carcará.

Additionally, the consortium will continue the activities and investments required for the appraisal of the area, according to the Appraisal Plan approved by ANP, whose completion is estimated to December 2012.
 
Petrobras is the consortium operator (66%) in partnership with Shell Brasil Petroleo Ltda (20%) and Petrogal Brasil (14%).

Shell’s interest was acquired by the companies Barra Energia do Brasil Petróleo e Gás Ltda (10%) and Queiroz Galvão Exploração e Produção S.A.

(10%); the negotiation is subject to final approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).
 
 
 
 

 
 
Sincerely,

Investor Relations.
 

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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.

A.

- PETROBRAS
Investor Relations Department I E-mail: /
Av.

República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management.

Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements.

These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.

Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.

 




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