Portuguese-Chinese company finds oil once again in Brazilian well

14 March 2012

Petrogal Brasil, which is 70 percent-owned by Portuguese group Galp Energia and 30 percent-owned by China’s Sinopec, said Tuesday and for the third time in as many months that it had found oil in Brazilian oil wells, in a statement filed with Brazil’s Natural Oil, Natural Gas and Biofuel Agency.

Tuesday’s announcement is related to the 7AND2RN well located in the Andorinha field of the Potiguar basin in Brazil’s north-eastern region.

On 4 January oil was found in the 1GALP40RN well, in block POT-T-563, in a 50/50 concession by Galp Energia and by Brazil’s Petrobras, in the Potiguar Basin and before that an oil discovery was announced at the 1GALP41RN, of the POT-T-608 block.

In none of the three cases did the companies announce if the oil reserves found were commercially viable.

In November 2011, Galp Energia announced that the BRSA-946C-SPS well, also known as the Biguá well located in the pre-salt layer of the Santos Basin had “good quality” oil. The well is explored by Galp as part of a consortium with Petrobras and Shell. (macauhub)