BPCL, partners strike crude oil, gas in Brazil

Bharat Petroleum Corporation (BPCL) and its partners have found crude oil and natural gas in a deepwater block in Brazil's Campos Basin.

About 7,500 barrels per day of oil and 4 million cubic feet a day of gas flowed from Wahoo-1 well in the US firm Anadarko Petroleum Corp-operated BM-C-30 block, the company said in a press statement here.

Anadarko is the operator of the block with 30 per cent stake while Devon Energy Corp of US has 25 per cent interest. IBV Brazil Petroleo Limitada, a subsidiary of Brazilian joint venture company of BPCL and Videocon Industries, holds a 25 per cent interest in the block. SK Energy of South Korea has the remaining 20 per cent.

"Test confirm the world-class nature and productivity of these reservoirs and based on data recovered, it is believed that it will be capable of producing more than 15,000 barrels of oil per day," it said.

The consortium would now move equipment to Wahoo-2 well, about five miles to the north of current discovery well, to test for hydrocarbons.

It will then drill a well five miles south of the original Wahoo discovery.

Source: Business Standard

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