Petrobras has completed drilling of well 4-SPS-86B (4-BRSA-971-SPS) in block BM-S-8, in the Santos Basin pre-salt in Brazil.

This is the third well drilled by the company in the 1-BRSA-532A-SPS (Bem-te-vi) Discovery Assessment Plan (PAD) area.

Located 232km off the coast, the well also known as Carcará was drilled in 2,027m of water.

The well drilled up to 5,742m encountered a huge column containing about 471m of excellent quality oil.

It also contained an API of 31° and free of contaminants such as CO2 and H2S, while 402m in carbonate reservoirs with excellent porosity and permeability.

Petrobras has temporarily abandoned the well, due to operational issues, which has halted drilling to reach the final depth, originally set at 7,000m.

The well is expected to commence producing oil in 2018, while development wells will be drilled throughout 2016-2017.

Petrobras operates the consortium with 66% interest whereas Petrogal Brasil holds 14% interest and Barra Energia do Brasil Petróleo e Gás and Queiroz Galvão Exploração e Produção 10% each.