Dear Mr/Mrs Ramin Farzanehfar,

New Discovery in Espírito Santo Basin

  

 

 

Rio de Janeiro, July 11, 2012 – Petróleo Brasileiro S.A.

– Petrobras announces the discovery of a new oil accumulation (15°API) in the post-salt layer of Espírito Santo Basin, in Concession BM-ES-24 (Block ES-M-661), located 58 km from the city of Vitória, state of Espírito Santo.

 

The discovery took place during drilling of the well informally known as Grana Padano, which is 64 km from Golfinho Field, at a water depth of 1,208 meters.

 

The discovery was confirmed from gas detector response and logging carried out in reservoirs of 2008 meters deep.

 

Petrobras is the operator of the consortium for the exploration of the concession (70%) in partnership with IBV (30%).

 

The consortium plans to develop the block and intends to submit an Evaluation Plan proposal to the National Petroleum, Natural Gas and Biofuels Agency (ANP) with the aim of demarcating the discovered accumulation and estimate reservoir volumes and productivity. 

 

 

 

 

 

  

 

 

Sincerely,

Investor Relations.

 

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