Panoro Energy reported spudding of the Sabiá well in the BM-S-72 block in the southern Santos basin offshore Brazil. The well is being drilled with Transocean's drilling rig, the GSF Arctic I (mid-water semisub).
The Sabiá well is located offshore approximately 143 miles (230 kilometers) south of the city of Santos in a water depth of approximately 656 feet (200 meters). The well will be vertically drilled with a target depth of 14,718 feet (4,486 meters).
The primary reservoir target for this well is post-salt sandstones of the Itajai-Acú formation, expected to be encountered at around 12,139 feet (3,700 meters) below mean sea level. The prospect is also targeting a secondary sandstone in the Ilha Bela member of the Jureia formation.