Drilled 6km away from the PPM-1 (Pampo platform), the well detected the existence of a continuous 128-meter netpay column of 20 degree API oil in Albian calcareous rocks. The volume of recoverable oil has been estimated at 25 million barrels.
Due to the quality and thickness of the reservoir, it is estimated the oil well’s flow will be approximately 3,000 barrels per day. This discovery opens an exploratory front to the east of the Pampo and Bicudo concessions. Since there is already a production infrastructure installed at the site, the well will go on line later this year. The possibility of interconnecting it to the PPM-1 or to platform P-7, which is producing in the Bicudo field, is under analysis.
This discovery is the outcome of the exploratory strategy of intensifying work in areas that neighbor fields already in production aiming to take advantage of the capacity of the existing facilities, to reduce production costs, and to speed up the production of new volumes of oil. The company intends do drill further wells in the region.
