The company said that a cased hole test on the P6 Zone in the Penedo Formation (depth 3235m to 3268m over all) produced at a limited rate of 744 barrels of oil per day (gross) of 41.5 API gravity oil with no water cut on a 10/64th choke with a flowing bottom hole pressure of over 2800psi.
Flow was limited due to the inability of the surface facilities to handle larger volume.
It is estimated that this zone could produce up to 1,550 barrels of oil per day.
There are five additional zones in the Penedo Formation that appear to be capable of production and planned to be tested and completed at a future date.
The company has planned to put this well into immediate production using the existing facilities along with well 1-SES-107D.
Having concluded its farm-in obligations, Petro Vista will be seeking approvals for an acquisition from UP Petroleo and transfer to Petro Vista Brazil of a 37.5% working interest (27.23% net revenue interest) in the Tartaruga Block.
The company holds a 25% carried working interest in this block that is operated by SK Energy.
