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New exploration well confirms Peregrino South oil discovery


Published Oct 25, 2012
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Kjetil Hove; Statoil’s country president in Brazil

Statoil ASA, together with partner Sinochem, has completed drilling the appraisal well 3-STAT-8-RJS on the Peregrino South discovery in the Campos basin offshore Brazil.

The results confirm the significant potential in the Peregrino South in the exploration well that was completed in April 2011. The objectives of the appraisal well were to confirm the previous volume estimate for the Peregrino South discovery and secure an optimal development solution for the Peregrino Phase II development.

The appraisal well encountered approximately 85 metres of high-quality oil-filled sandstone reservoir in the Carapebus formation supporting the current subsurface model. Net pay in the well was more than 70%.

Tags: Statoil



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