🕐25.03.15 - 00:54 Uhr

PETROBRAS - PRESS RELEASE: LIBRA CONSORTIUM COMPLETES THE DRILLING OF THE SECOND APPRAISAL WELL



 
 

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  Petrobras www.petrobras.com.br/ir  
 
Petrobras
 
  Libra Consortium completes the drilling of the second appraisal well
 
 

Rio de Janeiro, March 24, 2015 – Petróleo Brasileiro S.A.

– Petrobras informs that the Libra consortium has completed the drilling of the extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A).

The drilling results have confirmed the presence of a hydrocarbon-bearing column of approximately 200 meters of good reservoir characteristics.

Informally known as C1, the well is located in the crest of the central area of the Libra block, in Santos Basin, about 220 km off the coast of Rio de Janeiro city.

The final depth reached was 5,780 meters, with 2,160 meters of water depth.

This is the second successful well drilled by the Libra Consortium and it is located 18 km from the first well, 3-RJS-731.

A full suite of logs was acquired.

Fluid samples containing hydrocarbons and CO2 were taken and are undergoing detailed analysis in the laboratory.

The consortium will continue with the exploratory plan and will drill new wells to evaluate the Libra area which encompasses 1,550 sq.

km.

The Libra consortium is composed of Petrobras (operator, with 40%), Shell (20%), Total (20%), CNPC (10%) and CNOOC (10%), also with the state company Pré-Sal Petróleo S.A.

(PPSA) as contract manager.

 

 

 
 
 
Petrobras | Investor Relations Departament www.petrobras.com.br/ir
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República do Chile, 65, Room 1002, Rio de Janeiro, RJ, Brazil / Zip code: 22031-912
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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties.

The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe,” “expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

There is no assurance that the expected events, trends or results will actually occur.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

The Company’s actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors.

These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk management policies and procedures, including operational risk; and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies.  A description of other factors can be found in the Company’s Annual Report on Form 20-F for the year ended December 31, 2013, and the Company’s other filings with the U.S.

Securities and Exchange Commission.

 
 

 




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