Marine Technology Reporter Blogs - franco

The Franco pre-salt field, which is located southwest of the massive Libra field that will be auctioned in October 21st, originally had been forecast to contain 3 billion barrels boe of recoverable light oil. In light of new studies, the Franco pre-salt field is now believed to contain recoverable oil volumes equal to or superior to the Libra pre-salt field, something hovering around 10 billion barrels boe. This is excellent news for Petrobras, which is in the process of making major exploratory, production and infrastructure investments and desperately needs new capital. The reason it being excellent news has nothing to do with oil auction…

This new ANP discovery is the 2nd largest pre-salt discovery to date in Brazil and highlights the excellent potential of the Brazilian pre-salt.The ultra deepwater well (2-ANP-1-RJS ) was drilled at an area which has been named Franco, it lies 2.189 meters deep and the 4,5 billion barrels of light oil are of around 30º API. The well is located 195km from Rio de Janeiro and 41 km from the Iara pre-salt field, which has a recoverable oil potential of 3 to 4 billion barrels. Both are located at the Santos Basin. The Tupi field, also at the Santos Basin is still the largest discovery to date in Brazil, will a recoverable oil potential of 5 to 8 billion barrels.