Petrobras Announces Oil Discovery in Ultra-Deep Waters of Potiguar Basin

Petrobras Announces Oil Discovery in Ultra-Deep Waters of Potiguar Basin

Petrobras has announced an oil discovery in the ultra-deep waters of the Potiguar Basin. The discovery, located in the Anhangá exploratory well of Concession POT-M-762_R15, marks the second oil find in the Potiguar Basin in 2024. This follows the confirmation of hydrocarbons in the Pitu Oeste Well in the BM-POT-17 Concession.

Petrobras, holding a 100% stake and operating both concessions, is focused on further assessing these discoveries. The new campaign was executed in line with Petrobras’ history of excellence and absolute safety, without any incidents, reinforcing the company’s commitment to respecting people and the environment, Petrobras stated in a press release.

Besides its activates in the Brazilian Equatorial Margin, Petrobras has expanded its presence by acquiring blocks in the Pelotas Basin and stakes in exploration blocks in São Tomé and Príncipe in 2023.

The confirmation of oil-bearing Albian-age turbidite reservoirs is unprecedented in the Potiguar Basin and was carried out through electrical profiles and oil samples, which will later be characterized through laboratory analysis. The company will continue exploratory activities in the POTM-762_R15 Concession to assess reservoir quality, oil characteristics, and the accumulation’s technical-commercial viability.

Petrobras plans to invest $7.5 billion in exploration by 2028, of which US$ 3.1 billion in the Equatorial Margin, which stretches from Amapá to Rio Grande do Norte. It plans to drill 50 new exploratory wells in the period, 16 of them in the Equatorial Margin region.


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