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Statoil ASA and its partner Sinochem’s appraisal well on the Peregrino South discovery in the Campos basin offshore Brazil encountered approximately 85 m (279 ft) of high-quality, oil-filled sandstone reservoir in the Carapebus formation supporting the current subsurface model, a news release stated.
Net pay in the well was more than 70%.
The objectives of appraisal well 3-STAT-8-RJS were to confirm the previous volume estimate for the Peregrino South discovery and secure an optimal development solution for the Peregrino Phase II development, according to the release.
The Peregrino field is located 85 km (53 miles) offshore Brazil in the Campos basin at about 100 m (328 ft) of water depth in licenses BM-C-7 and BM-C-47. Statoil holds 60% ownership and the operatorship of the field and Sinochem the remaining 40%.
The Statoil-operated Peregrino field includes two drilling and wellhead platforms and a FPSO. Oil production from the Peregrino field started in April 2011, and the field is currently one of the largest producing offshore oil fields in Brazil.