The company won Block REC-T 106 and Block REC-T 107 in the Recôncavo Basin and Block TUC-T 177 in the Tucano Basin, while all the three blocks are situated in the state of Bahia.
The blocks are expected to increase the company’s exposure to the deep tight oil potential in the Gomo horizon and add considerable exploration potential in shallower conventional reservoirs.
Block REC-T 106 includes 7,759 acres situated in the southern portion of Sector SREC-T1 of the Recôncavo Basin. The company is planning to acquire 10km² of 3D seismic.
The Block REC-T 107 located in the southern portion of Sector SREC-T1 of the Recôncavo Basin, near our Bom Lugar field is spread on 7,561 acres and the company intends to drill two wells as part of its first phase work.
Petrominerals will drill a well and acquire 31km² of 3D seismic on Block TUC-T 177, which covers 46,505 acres in the southern portion of Sector STUC-S of the Tucano Basin.
All the three blocks awarded will be subject to ANP contracts and is expected to be finalized in August 2013.
