Petrobras Strikes Oil in U.S. Gulf of Mexico

Petrobras Strikes Oil in Gulf of Mexico

Petrobras last week announced a new oil discovery in the extreme southwestern part of the Walker Ridge concession area, located in America’s Gulf of Mexico ultra-deep waters. The discovery confirms the Lower Tertiary’s potential in this area.

The Logan discovery is approximately 400 km (250 miles) southwest of New Orleans, at a water of around 2,364 meters (7,750 feet). The discovery was made by drilling operations of well WR 969 #1 (Logan #1), in block WR 969. Further exploration activities will define Logan’s recoverable volumes and its commercial potential.

Statoil is the consortium’s operator, with 35% stake. Petrobras America Inc. (a subsidiary of Petrobras headquartered in Houston, Texas) holds 35% of the stake, while Ecopetrol America and OOGC hold 20% and 10%, respectively.

Petrobras in the Gulf of Mexico

As a world leader in deepwater operations, Petrobras benefits from the experience and technology the company developed in its offshore operations in Brazil.

In the Gulf of Mexico, Petrobras is the operator of Cascade (100%) and Chinook (66.7%) oilfields and holds stakes in the Saint Malo (25%), Stones (25%) and Tiber (20%) discoveries, all with significant oil reserves in the Lower Tertiary. Additionally, Petrobras has stakes in the very recent Hadrian South (23.3%), Hadrian North (25%) and Lucius (9.6%) discoveries, all with significant oil reserves and in the Mio-Pliocene.

Petrobras holds other exploratory concession areas in this region, which will be tested later on, growing the Company’s operations in the Gulf of Mexico.

Source: Petrobras,  November 7, 2011

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply