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20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
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New Oil Accumulation Discovered in the Pre-salt Layer in the Santos Basin
(Rio de Janeiro, June 12, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that the consortium formed by Petrobras (45% - operator), BG Group (30%), and Repsol YPF (25%), to explore block BM-S-9, located in ultradeep waters of Santos Basin, proved the existence of another light oil accumulation, with specific gravity around 28º API, in pre-salt reservoirs.
Block BM-S-9 is composed of two exploratory areas. In the largest part was drilled the well 1-BRSA-491-SPS (1-SPS-50), known as Carioca, which resulted in the discovery announced on September 5, 2007. The Assessment Plan for this area was recently approved by the ANP.
The new well, called 1-BRSA-594-SPS (1-SPS-55), known as Guará, is located in the smaller area of the block, at some 310 km off the coast of the State of São Paulo (see the figure below) and at 2,141 meters of water depth. The well is still being drilled in search of deeper prospects.
The discovery was proved by an oil sample collected via a cable test carried out in reservoirs situated at a depth of nearly 5,000 meters.
After well completion, the Consortium will proceed with the required activities and make the investments that are needed to verify both the field’s dimensions and the characteristics of the oil reservoirs by forwarding an Assessment Plan to the ANP, as provided for in the Concession Agreement.
www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may contain forecasts 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 forecasts. 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.
PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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