To date, the well has encountered in excess of 275 net feet of oil and natural gas pay in two separate post-salt zones on which show reports were filed with the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP).
The Itauna #1 well, which is located in approximately 250ft of water, has been drilled to a current depth of approximately 15,250ft with a planned total depth of nearly 18,000ft.
Following activities on this well, the rig will go to work for another operator and then is expected to return to Anadarko in 2011 to conduct appraisal activity on the block.
Anadarko operates the BM-C-29 block with a 50% working interest and Ecopetrol is the co-owner in the block with a 50% working interest.
