Statoil reports positive production test at Gavea appraisal well, offshore Brazil

April 18, 2016

RIO DE JANEIRO -- Repsol Sinopec, with partners Statoil and Petrobras, has completed the Gavea A1 well in the ultra-deep pre-salt Block BM-C-33 in the Campos basin, offshore Brazil.

The well encountered a hydrocarbon column of 175 m in a good-quality reservoir of silicified carbonates of the Macabu formation.

The well reached a total depth (TD) of 6,230 m and was tested successfully, producing around 16 MMscf of gas and 4,000 bopd on a 32/64 in. choke, Statoil said in a statement.

This is the fourth appraisal well in the license, which comprises the Seat, Gavea and Pão de Açucar (PdA) discoveries. In 2013-2015, the consortium drilled and tested the Seat-2, PdA-A1 and PdA-A2 appraisal wells.

With Gavea A1, the consortium has finalized the appraisal activities in BM-C-33 and will now evaluate the sub-surface data and assess lean and cost-effective development concepts.

Repsol Sinopec Brasil (35%) is operator of BM-C-33. Statoil (35%) and Petrobras (30%) are partners.

Statoil is to take over operatorship of the license, a transition which is expected to take place in the third quarter.

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