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The Brazilian State-Owned Company Petrobras Prepares an Appraisal Well in Search of More Advantages from the Pre-Salt of the Santos Basin
Petrobras plans to drill an appraisal well on the Sagittarius prospect in the second quarter, seeking more value from the pre-salt in the Santos Basin. The plans to drill again in Sagittarius were announced by Repsol, Petrobras’ main Spanish partner in Block S-M-623, along with the major Anglo-Dutch company Shell.
The Sagittarius well discovered in 2012 produced samples of light oil at a water depth of 1,873 meters, but due to inconclusive tests on the commerciality of the asset, it was ultimately postponed. The new appraisal program should include a new well test.
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Repsol also referred to the expected production dates and volumes from the BM-C-33 authorization operated by Equinor, where the Pão de Açúcar, a large gas-rich oil field, is located.
In a long-term forecast, announced alongside its quarterly report, Repsol said it expects the first oil and gas from Pão de Açúcar between 2024 and 2026, and projected a net production of 45,000 barrels of oil equivalent per day from its 35% operating rights.
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