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Dear Mr/Mrs Ramin Farzanehfar,
Rio de Janeiro, August 13, 2012 – Petróleo Brasileiro S.A.
– Petrobras announces the new facts obtained with the continuance of the drilling of well 4-SPS-86B (4-BRSA-971-SPS), which is testing the Carcará prospect, on Block BM-S-8 in the ultra-deep waters of the pre-salt in the Santos Basin.
The discovery has been previously announced on March 20, 2012.
Located 232 km off the coast of São Paulo State, in water depths of 2,027 meters, the in progress drilling is occurring inside the oil zone, 6,213 m deep, with the purpose of determining the total thickness of the oil reservoirs, as well as the presence of deeper pay zones.
It has been collected new oil samples up to a depth of 6,131 meters, which have proven a good 31o API oil quality.
The well has also proven that the carbonate reservoirs carry outstanding porosity and permeability characteristics.
The in progress drilling has already confirmed an over 400-meter column of oil, featuring mostly continuous and connected reservoirs.
The consortium will continue to perform the necessary activities and investments to evaluate the area, according to the Evaluation Plan approved by the ANP - Agência Nacional do Petróleo, Gás Natural e Combustível (Brazilian National Oil, Natural Gas and Biofuels Agency).
The consortium is operated by Petrobras (66%) in partnership with Petrogal Brasil (14%), Barra Energia do Brasil Petróleo e Gás Ltda.
(10%) and Queiroz Galvão Exploração e Produção S.A.
(10%).
Sincerely,
Investor Relations.
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www.petrobras.com.br/ir
Contacts: PETRÓLEO BRASILEIRO S.
A.
– PETROBRAS | Investor Relations Department
e-mail:
Av.
República do Chile, 65 – 10th floor, Room 1002 - 20031-912 - Rio de Janeiro, RJ
Phone: 55 (21) 3224-1510 / 3224-9947 | 0800-282-1540
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management.
Such terms as
“anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements.
These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and readers
must not base their expectations exclusively on the information presented herein.
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