Friday, May 29, 2015

Well Galp in Carcará in Brazil confirms oil potential – Express

Good news for Sonangol, Américo Amorim and other shareholders of Galp Energia. The company announced this morning before the market opens that pit Carcará North, in the Santos basin, confirms the extension of the original discovery.

In a statement, Galp reveals that “the drilling of the second well in the area of ​​Carcará, located in ultra-deep waters of the Santos Basin, confirmed the light oil potential in the pre-salt reservoirs and the extension to northern Carcará discovery “. The well is located in the area of ​​the Discovery Assessment Plan (PAD) of Caracara, about 229 km from the coast of São Paulo, 4.6 km north of the first well and to a depth of 2,072 meters.

Petroleum good quality
Drilling “proved the extent of good quality oil discovery (31 API) in carbonate reservoirs of excellent quality, located below the salt layer, from 5820 meters deep, “says Galp Energia. This well still drilling within the oil column, “reached so far 6178 meters deep and found an oil column of about 358 meters in continuous and connected reservoirs,” the statement said.

Pressure data obtained “proves it is in the same accumulation of wildcat well”. Upon completion of drilling, is planned to hold a training test to assess the productivity of reservoirs.

In 2015, it is scheduled to continue drilling the well Carcará Northwest, continuing with those foreseen in PAD operations. The Plan Carcará Discovery Assessment, is scheduled to end in March 2018.

Galp Energia, through its subsidiary Petrogal Brazil, holds a 14% stake in the consortium exploring block, led by Petrobas (operator) with 66%.

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