Petrobras Drills New Well at Pre-Salt Block in the Campos Basin

Core Insights - Petrobras has launched a new drilling campaign in Brazil's largest pre-salt region to evaluate significant oil reserves [1] - The drilling operations at well 3-BRSA-1398-RJS in the Alto de Cabo Frio Central block represent a strategic move to enhance Petrobras' presence in the Campos Basin [2] Group 1: Drilling Operations - The well is located at a water depth of 2,276 meters and is being drilled using the West Polaris drillship [2] - This operation is part of Petrobras' ongoing efforts to expand its activities in Brazil's pre-salt region [2] Group 2: Alto de Cabo Frio Central Block - Petrobras acquired the Alto de Cabo Frio Central block in October 2017, holding a 50% stake in partnership with BP p.l.c. [3] - The block is estimated to contain around 558 million barrels of recoverable resources, with production expected to commence in 2032 [3] Group 3: Evaluation of Potential - In July 2022, Petrobras completed a drillstem test at a pioneer well in the region, confirming the presence of a productive pre-salt carbonate reservoir [4] - The analysis of oil samples collected during the test further supports the commercial viability of the block [4] Group 4: Industry Context - As Petrobras advances its drilling activities, the new well in Alto de Cabo Frio Central is seen as a crucial step in unlocking Brazil's pre-salt reserves [5]