Petronas makes first oil discovery in Brazil’s Sepia field



KUALA LUMPUR: Petroliam Nasional Bhd subsidiary Petronas Petróleo Brasil Ltd has today announced its first oil discovery in 4-BRSA-1386D-RJS well in the pre-salt Sépia oil field in Brazil.

The well is located in the Santos Basin, about 250 km off the coast of Rio de Janerio, at a water depth of about 2,000 metres.

“The net oil column is one of the thickest ever recorded in Brazil,” Petronas said in a statement today.

The significant discovery was made within the Sépia Co-Participated Area, which covers the Sépia transfer of rights (ToR) contract and Sepia ToR surplus production sharing contract awarded to Petrobras, TotalEnergies, QatarEnergy and Petronas Petroleo, with Pré-Sal Petróleo S.A (PPSA) as manager.



Petronas Petroleo and its consortium partners won the Sépia ToR surplus production sharing contract during Brazil’s second transfer of rights surplus bidding round in Rio de Janeiro last year.

Petronas exploration vice president Mohd Redhani Abdul Rahman said it was “extremely encouraged with this notable discovery in one of the world’s most prolific basins”.

He said Petronas would continue its decarbonisation efforts to sustainably develop and monetise the Sépia field, while strengthening its portfolio in Brazil, in line with its global growth strategy.

Petronas Petroleo has participating interests in the Tartaruga Verde (BM-C-36 concession) and Module III of the Espadarte (Espadarte concession) deepwater fields located in the Campos Basin, offshore Brazil.



It also holds participating interests in three other deepwater exploration blocks in the Campos Basin (C-M-661, C-M-715 and C-M-541).

NST



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