PETRONAS Petróleo Brasil Ltda. (PPBL), a subsidiary of PETRONAS has declared its first oil discovery in 4-BRSA-1386D-RJS well in the pre-salt Sépia oil field.
The well is situated at a depth of around 2,000 meters in the productive Santos Basin, about 250 kilometers off the coast of Rio de Janeiro. One of the thickest net oil columns ever observed in Brazil.
This important finding as made within the Sépia Co-Participated Area, which covers the Sépia Transfer of Rights (ToR) contract (Petrobras, 100%) and the Sepia ToR Surplus Production Sharing Contract awarded to Petrobras (30%), TotalEnergies (28%), QatarEnergy (21%) and PBBL (21%), with Pré-Sal Petróleo S.A. (PPSA) as manager. The Sépia ToR Surplus Production Sharing Contract was awarded to PPBL and its consortium partners in 2021’s Second Transfer of Rights Surplus Bidding Round held in Rio de Janeiro.
PETRONAS’ Exploration Vice President, Mohd Redhani Abdul Rahman said, “We are extremely encouraged with this notable discovery in one of the world’s most prolific basins. PETRONAS and partners will continue to work closely, alongside the Host Government, to unlock more value creation and achievements together.”
“PETRONAS will also continue its decarbonization efforts to sustainably develop and monetize the Sépia field, while strengthening our portfolio in the country. This is in line with our global growth strategy,” he added.
In the Campos Basin, off the coast of Brazil, PPBL now holds participating interests in the Tartaruga Verde (BM-C-36 Concession) and Module III of the Espadarte (Espadarte Concession) deep-water oilfield as well as three other deep-water exploration blocks (C-M-661, C-M-715 and C-M-541).
