Brazil Petrobras Reports Espirito Santo Oil Find To ANP
April 16 2009 - 10:17AM
Dow Jones News
Brazilian state-run energy giant Petrobras (PBR) notified the
National Petroleum Agency late Wednesday that it had discovered
traces of oil in an Espirito Santo Basin exploration well.
Petrobras' latest find was made in the offshore ES-M-590 block
in the Espirito Santo Basin. Petrobras is lead operator of the
block with a 60% share, while U.S. independent Anadarko Petroleum
(APC) holds the remaining 40% stake.
ANP drilling data showed that the Deepwater Millenium at the
site, drilling in 1,798 meters of water and targeting a total depth
of 6,375 meters.
Oil companies operating in Brazil must inform the ANP of
indications of oil, gas or hydrocarbons in any exploratory well
within 48 hours. The disclosures are routine, and do not indicate
commercial viability.
-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085;
jeff.fick@dowjones.com