Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Written by Paulo Nogueira

Published on 27/01/2024 at 14:38

A Petrobras (PETR4) concluiu a primeira perfuração do poço exploratório de Pitu Oeste, na Bacia Potiguar na Margem Equatorial, conforme comunicado ao – Todos os direitos: MoneyTimes

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Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

Petrobras (PETR4) announced the completion of the first drilling of the exploratory well Pitu Oeste, in the Potiguar Basin on the Equatorial Margin, with the identification of hydrocarbon presence. The work had started just over a month ago and the company informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP) about the discovery. The drilling was completed with total safety, following the most rigorous deep-water operational protocols, reaffirming Petrobras’ ability to operate on the Equatorial Margin.

The oil company reported that, based on additional studies, it intends to obtain more geological information from the area to assess the potential of the reservoirs and guide the next exploratory activities in the region. The company plans to drill the Anhangá well in concession POT-M-762, located 79 km off the coast of the State of Rio Grande do Norte and near the Pitu Oeste well, in February. Petrobras continues to conduct exploratory research in the region and reaffirms its commitment to the responsible exploration of hydrocarbons in the area.

Increased Petrobras Participation in the Potiguar Basin

Petrobras, the Brazilian oil company with the ticker PETR4 on the stock exchange, recently announced that it has increased its participation in the Potiguar Basin. The company acquired an additional 30% stake in the exploratory block BMPOT-17, located in deep waters, on the Equatorial Margin of the basin.

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New Oil Discovery at Anhangá Well

Petrobras continues to invest in oil exploration in the Potiguar Basin and recently announced a new discovery at the Anhangá well, located in concession POT-M-762. This discovery reinforces the potential of the reservoirs in the region and brings good prospects for the company’s shareholders.

Investments and Complementary Studies

In addition to oil discoveries, Petrobras has invested in complementary studies in the exploratory wells of the Potiguar Basin, aiming to better understand the potential of the reservoirs and maximize oil production in the region. These investments demonstrate the company’s commitment to oil exploration in Brazil.

Source: MoneyTimes

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Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

Increased Petrobras Participation in the Potiguar Basin

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

New Oil Discovery at Anhangá Well

Investments and Complementary Studies

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Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

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