Brazilian resource company Vale announced May 11 that its first gas discovery was confirmed through the formation test conducted in the Panoramix prospect, BM-S-48 concession, located in shallow waters, 185 kilometers off the coast in the Santos Basin, in the state of São Paulo.
The concession is held by the consortium comprising Vale 12.5%, Repsol - the operator of the exploration consortium 40%, Petrobras 35% and Woodside 12.5%.
The test performed this time in the Upper Santonian reservoir between 4,410 and 4,480 meters depth, has achieved a gas flow rate of 378,600 cubic meters of natural gas per day and 1,570 barrels of condensate per day. |
