Marine Technology Reporter Blogs - santos

The company will sell the areas in order to finance the development of the proven reserves it has discovered at the Campos Basin.OGX Petróleo e Gás Participações S.A., is looking to find partners to develop the fields it has discovered at the Campos Basin. The Executive Director of OGX, Paulo Mendonça confirmed during a recent conference with market analysts that the company will sell 20% of its areas at the Campos Basin. OGX has 7 blocks in Campos and has discovered oil in 5 of them. According to the company in these 5 blocks they have discovered reserves amounting to between 2,6 and 5,5 billion barrels. Paulo Mendonça guaranteed that…

The two new discoveries in one well, announced by Petrobras last Thursday, strengthen the thesis pertaining to the possibility of the existence of a great reservoir beneath the salt layer of the Campos Basin. The Campos Basin pre-salt shows its potential even if volumes are less than at the Santos Basin, as various factors related to logistics, production timeline and development costs make this possibility very attractive to players and specially to Petrobras. As is widely known, the Campos Basin is presently responsible for over 80% of the Brazilian O&G production. The discoveries indicate the existence of hydrocarbons in both the pre-salt and the post-salt layers in a single well at the Barracuda field in the Campos Basin, 100km from the coast of  Rio de Janeiro.