Fossil Energy – Drilling
Petróleo Brasileiro recently launched a new drilling campaign in Brazil’s largest pre-salt region to assess a promising discovery of significant oil reserves.
Petrobras initiated drilling operations at well 3-BRSA-1398-RJS in the Alto de Cabo Frio Central block of the Campos Basin.
The well, located at a water depth of 2,276 meters, is being drilled using the West Polaris drillship.
The Alto de Cabo Frio Central block was acquired by Petrobras in October 2017 during the 3rd ANP bidding round. It operates the block with a 50% stake, sharing ownership equally with BP (50%).
This strategic partnership underscores the growing importance of collaboration in offshore exploration, particularly in deepwater and ultra-deepwater plays. The block, located in the Campos Basin, had the largest acreage in the bid. It is presumed that Alto de Cabo Frio Central holds around 558 million barrels of recoverable resources and will presumably start production in 2032.
