BG Group has today confirmed a new discovery of light oil in Block BM-S-9 in the Santos Basin, offshore Brazil.
The discovery well 3-BRSA-861-SPS, informally known as Carioca North-East, is located in a water depth of 2 151 metres, approximately 275 kilometres off the coast of São Paulo state and nine kilometres north-east of the original Carioca discovery well*.
Initial analysis of the discovery has confirmed the presence of a light oil accumulation (approximately 26° API) in a 200-metre reservoir section. Drilling on Carioca North-East has been concluded and drill stem tests will be conducted in due course.
BG Group has a 30% interest in Block BM-S-9 which is comprised of two appraisal areas – Guará and Carioca (Petrobras 45%, operator and Repsol 25%).