Statoil: New Brazilian pre-salt oil discovery
(Thomson Reuters ONE) -
Statoil (OSE: STL, NYSE:STO) together with operator Repsol Sinopec and partner
Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar
prospect offshore Brazil.
The partnership announced today that it has made a high impact discovery in the
Pão de Açúcar prospect located in the BM-C-33 block in the Campos Basin. The
well is located some 195 kilometres offshore Rio de Janeiro State in 2,800
metres of water.
The Pão de Açúcar well encountered two pre-salt accumulations comprising a
hydrocarbon column of 480 metres with a total pay of around 350 metres. A test
performed in a partial section of the pay zone flowed 5,000 barrels per day of
light oil and 28.5 million cubic feet per day of gas. This was a choked Drill
Stem Test (DST) with very limited drawdown.
The Pão de Açúcar discovery is the third find made in the BM-C-33 block after
Seat and Gávea and confirms the area's high potential.
"The development potential of the Pão and Gávea discoveries will now be
evaluated by the partnership. This discovery increases our understanding of the
pre-salt potential in the Campos Basin and improves our confidence in the
recently acquired acreage position in the pre-salt Kwanza basin of Angola," says
executive vice president for Exploration in Statoil, Tim Dodson.
"Statoil's exploration strategy focuses on high impact opportunities and the
deepening of core areas. The Pão de Açúcar success shows that we are delivering
on our strategy," continues Dodson.
"Statoil has clear ambitions to grow in Brazil through new exploration
opportunities. The Pão discovery will become an important building block in our
growth ambitions," says Kjetil Hove, country president for Statoil in Brazil.
Repsol Sinopec is operator of the exploration consortium with a 35% stake.
Partners Statoil and Petrobras hold respective 35% and 30% shares.
Statoil is also the operator of the Peregrino field in Brazil, which came on
stream in April 2011.
The Pão discovery is the sixth high impact discovery made by Statoil in the last
12 months. The other discoveries are Skrugard and Havis in the Barents Sea,
Johan Sverdrup (former Aldous/Avaldsnes) in the North Sea, Peregrino South in
Brazil and Zafarani in Tanzania.
(*) "High-impact well" = a total of more than 250 million barrels of oil
equivalent (boe), or 100 million boe net to Statoil.
For more information, please contact:
Investor relations
Erik Gonder, investor relations officer
Tel: +47 99562611 (mobile)
Morten Sven Johannessen, vice president, investor relations North America,
Tel +1 203 570 2524 (mobile)
Media relations
Bård Glad Pedersen, press spokesperson,
Tel +47 91 80 17 91 (mobile)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
[HUG#1589081]
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 118620
Anzahl Zeichen: 3723
contact information:
Town:
Stavanger
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Statoil: New Brazilian pre-salt oil discovery"
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