17 Dec 2009 - by PreSalt.com - Source: Devon Energy & Anadarko
The new discovery were released this morning by the companies, holds the concession area, Devon Energy (Operator with 40%), Anadarko (33.3%) and SK Energy (26.7%).
This is the first exploration well in the area known Itaipu, in block BM-C-32, which was drilled to a depth of approximately 5400 meters, with 1400 meters of water depth, with an oil column of about 80 meters, 30 meters of oil usable, without contact of oil / water. The well is located to the southeast of the city of Vitoria in the state of Espirito Santo.
Demonstrates the high potential of the area as it is located only 6 miles southeast of the pre-salt giant basin known as Jubarte and 16 miles north of the discovery of Wahoo. Block BM-C-32 is one of seven offshore exploratory blocks in Brazil held by Devon, six of which are in the pre-salt trend. Devon has identified 20 prospects (including Wahoo and Itaipu) on its leases with net unrisked resource potential of 2 billion to 4 billion barrels of oil. The Deepwater Discovery drillship, currently under long-term contract to Devon, will be used for the 2010 exploration program which includes four planned wells on concession BM-C-34 as well as delineation of the Itaipu discovery.
Anadarko said, "The positive results of this well and the success of our other pre-salt activities in Brazil's Campos Basin give us a number of reasons to be excited about the area's substantial resource opportunities," Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. "The success at Itaipu, coupled with our discovery at Wahoo on the adjacent BM-C-30 block and its successful appraisal at Wahoo #2 five miles to the north, continues to enhance the differentiating value of our portfolio in this expanding world-class petroleum complex."
In this article:
Devon Energy (NYSE:DVN)
Anadarko Petroleum Corporation (NYSE:APC, ETR:AAZ, FRA:AAZ)
SK Energy (SEO:096770, SEO:096775)
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