TotalEnergies and Petrobras announce oil discovery in the Sépia Field after drilling the Pedúnculo Well

The drilling of the Pedúnculo Well in the Campo de Sépia region brought great results to Petrobras and TotalEnergies. The oil companies announced the discovery of oil reserves in the region and intend to take advantage of the place for future explorations.

The national fuel market is now witnessing yet another discovery of oil reserves in Brazilian territory. Recently, the companies TotalEnergies and Petrobras announced the discovery of oil reserves in the region of Campo de Sépia, located in the state of Rio de Janeiro. The drilling of the Pedúnculo Well was a success and the site will be used for future exploratory campaigns of the companies, since it is in a region of co-participation between the companies. 

Drilling of the Pedúnculo Well provides Petrobras and TotalEnergies with new oil reserves in the Campo de Sépia region

The search for new areas for the exploration of fuels in the Rio de Janeiro region has been guaranteeing TotalEnergies great results. 

The company announced, in partnership with Petrobras, the discovery of an oil reserve in Campo de Sépia, located more than 250 km off the coast of Rio de Janeiro. 

The Pedúnculo Well, home to the oil reserve found by the companies, is located in the Campo de Sépia co-participation area. 

It covers the Production Sharing Agreement for the Excess Volume of the Assignment of Sepia, granted in December 2021 to Petrobras (30%), TotalEnergies (28%), QatarEnergy (21%) and Petronas (21%), with Pre -Sal Petróleo (PPSA) as manager.

Both companies have a strong influence on the management of the site, as Petrobras is the major operator in the co-participation area of ​​the field, with a 51,9% stake. 

TotalEnergies already holds a 19,2% stake, intending to take advantage of its presence in the division to launch future exploratory campaigns at Pedúnculo Well. 

Currently, the Campo de Sépia region has a total oil production of 170.000 barrels of oil per day.

With the new discovery of oil companies, this number will be greatly expanded over the next few years. 

TotalEnergies states that the results of the Pedúnculo Well drilling exceeded expectations and will bring strong contributions to the company's future

Just a few months after TotalEnergies entered into the regime of sharing the administration of Campo de Sépia with Petrobras, it was surprised by the discovery of this oil reserve. 

Thus, David Mendelson, Senior Vice President for the Americas at TotalEnergies Exploration & Production, highlighted that the news surprised the company and will collaborate with the oil company's growth in the domestic market. 

“Resources confirmed by the Pedúnculo well appear to exceed pre-drill expectations and add to the potential for future development in the area. Thanks to their exceptional productivity and the innovative technologies used in their developments, these resources fit perfectly into TotalEnergies' low-cost, low-emissions oil portfolio,” he said.

Drilling of the Pedúnculo Well took place in a water depth of approximately 2.200 meters. In addition, according to the company, the net thickness of the well's oil column is one of the largest ever recorded in Brazil.

Now, both companies are joining forces to continue exploration, with operations to characterize the reservoir and measure the extent of the discovery.

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Created in 1924 to enable France to play a key role in the great oil and gas adventure, TotalEnergies has always been driven by a true pioneering spirit. Discovered some of the most productive fields in the world. Its refineries created increasingly sophisticated products and its extensive distribution network launched an ever-increasing range of services.