Petrobras Strikes Oil in Aram Block

Santos basin pre-salt find to be further evaluated following completion of well.

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Petrobras encountered hydrocarbons with its Curaçao pre-salt well in the Aram block of the Santos Basin. Well 1-BRSA-1381-SPS is located at a water depth of 1905 m, 240 km from the city of Santos, Sao Paulo. The oil-bearing interval was verified through wireline logging and fluid samples, which will be further characterized by lab analysis.

The data will allow evaluating the potential and directing the next exploratory activities in the area. The consortium will continue operations to complete the project to drill the well to the expected depth and verify the extent of the new discovery, in addition to characterizing the conditions of the reservoirs found.

The Aram block was acquired in March 2020 in the 6th Bidding Round of the National Agency for Petroleum, Natural Gas, and Biofuels (ANP) under the production-sharing regime, with Pre-Sal Petróleo as manager. Petrobras is the operator of the block and holds an 80% share, in partnership with CNODC (20%).