Oil On The Indra Prospect
Statoil and Petrobras have struck oil on the Indra prospect. Petrobras is operator for licence BM-ES-32, where the discovery was made; Statoil holds a 40% stake. The exploration well at a depth of 2,130 m revealed both oil and reservoir quality are good. The reservoir thickness is approximately 70 m and is of good quality. The preliminary analysis of the oil shows a density in the range between 25 and 30 degrees API. The Indra find was made by the Paul Wolfe.
The location is situated 140 km from land and some 400 km north of the Peregrino field. “We are very pleased to have struck oil here and the result will have an important bearing on our decision regarding further exploration activity in this area,” says Tim Dodson vice president, international exploration. At the moment Statoil is also participating in exploratory drilling in the Campos basin on licence BM-C-33, where Repsol is the operator.
Statoil is operator on the Peregrino field and will hold a 60% share once the 40% divestment to Sinochem has been approved by the Brazilian authorities. Peregrino is planned to come on stream in the latter half of the first quarter of 2011. By next year Statoil plans to operate three exploration wells in Brazil, two in the Peregrino area in order to prove additional resources on the field, as well as an exploration well in the Camamu basin
Photo courtesy Anette Westgård / Statoil