Petroleo Brasileiro SA (Petrobras) has found an oil accumulation within the ultra-deep waters of the Potiguar Basin on the Brazilian Equatorial Margin.
The Anhangá exploratory effectively, 1-BRSA-1390-RNS, of the POT-M-762_R15 Concession is positioned close to the border between the states of Ceará and Rio Grande do Norte, about 118 miles (190 kilometers) from Fortaleza and 155 miles (250 kilometers) from Natal, at a water depth of seven,205 toes (2,196 meters).
Petrobras mentioned in a information launch Thursday that that is the second discovery within the Potiguar Basin in 2024, preceded by proof of the presence of hydrocarbons within the Pitu Oeste Effectively, positioned within the BM-POT-17 Concession, round 15 miles (24 kilometers) from Anhangá.
The discoveries nonetheless require additional evaluation, Petrobras famous. The corporate operates and holds a one hundred pc stake in each concessions.
The exploratory actions within the Equatorial Margin signify one other step in Petrobras’ dedication to “replenishing reserves and creating new exploratory frontiers to make sure that international vitality demand is met in the course of the vitality transition,” it mentioned.
The invention of Albian-age turbidite reservoirs carrying oil is “unprecedented within the Potiguar Basin,” Petrobras mentioned, including that it was made by means of electrical profiles and oil samples. The corporate will proceed its exploratory actions within the POT-M-762_R15 concession, aiming to evaluate the reservoirs’ high quality, the oil’s traits, and the technical-commercial viability of the buildup.
“The corporate has a observe file of virtually 3,000 wells drilled in deep and ultra-deepwater environments, with none type of incident or impression on the setting, which, mixed with the technical capability and expertise amassed over virtually 70 years, permits the corporate to open up new frontiers and deal with its operations within the Equatorial Margin with whole security,” Petrobras CEO Jean Paul Prates mentioned.
“With the advance of exploratory analysis in Brazil’s Equatorial Margin, we have now elevated our information of this area, thought-about to be a brand new and promising frontier in ultradeep waters, which can be basic for the corporate’s future, guaranteeing the provision of oil wanted for the nation’s improvement,” Petrobras Exploration and Manufacturing Director Joelson Mendes remarked.
The corporate mentioned it plans to speculate $7.5 billion in exploration by 2028, of which $3.1 billion can be earmarked for the Equatorial Margin, which stretches from Amapá to Rio Grande do Norte. It plans to drill 50 new exploratory wells within the interval, 16 within the Equatorial Margin area.
Along with its actions within the Brazilian Equatorial Margin, the corporate final yr acquired new blocks within the Pelotas Basin in southern Brazil and stakes in three exploratory blocks in São Tomé and Príncipe, a rustic on the west coast of Africa.
“The opening of this new frontier can be in step with the corporate’s strategic pillar of maximizing the portfolio’s worth by specializing in worthwhile belongings, replenishing oil and fuel reserves, rising the provision of pure fuel, and selling the decarbonization of operations,” in accordance with the discharge.
In 2023, Petrobras recorded its second highest annual internet earnings of $24.9 billion (BRL 124.6 billion) for 2023, because it disclosed plans to distribute 58.1 % of the quantity as dividends. The corporate’s earnings per share for the yr was $1.91, in accordance with its most up-to-date earnings launch.
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