The Brazilian state-run oil company, Petrobras, has identified the presence of hydrocarbons in the country’s Santos Basin, 150 miles from the City of Santos, in the state of Sao Paulo, according to a November 19 report by Rigzone, one of the leading global sources of news in the industry.
The high reporting profile which the find has attracted suggests that Petrobras is optimistic about its size though a report on the find says that while the oil-bearing interval had been identified, fluid samples will have to be subjected to laboratory analysis to allow for a determination to be made on further exploratory pursuits in the area.
Rigzone says that the partners in the pursuit “will continue operations to complete the project to drill the well to the expected depth and verify the extent of the discovery, in addition to characterizing the conditions of the reservoirs found.”