Videocon, BPCL arm hit more oil in Brazil
The discovery was made during drilling of Wahoo-2, also called Wahoo North, appraisal-cum-exploration well in Block BM-C-30, BPCL said in a notification to the stock exchanges.
A consortium including Bharat PetroResources Ltd — the upstream arm of state-owned Bharat Petroleum Corp Ltd — and Videocon Industries has discovered more crude oil in Brazil’s offshore Campos Basin.
The discovery was made during drilling of Wahoo-2, also called Wahoo North, appraisal-cum-exploration well in Block BM-C-30, BPCL said in a notification to the stock exchanges.
The block is located at a water depth of around 4,650 feet. Anadarko Petroleum Corp is the operator of the block with 30% interest, Devon Energy Corp holds 25%, and South Korea’s SK Energy 20%. IBV Brazil Petroleo, a joint venture between Bharat PetroResources and Videocon, holds the remaining 25% interest in the block.
BPCL said the latest well has encountered more than 90 feet of high quality net oil pay. In Oct 2008, the consortium had made the first discovery in the block during drilling of Wahoo well, encountering over 195 feet of net oil pay zone.
Wahoo-2 well is five miles north of the first discovery. “The activities confirm the main pay section in the original Wahoo discovery extends at least five miles to the north,” the notice said.
The discovery was made during drilling of Wahoo-2, also called Wahoo North, appraisal-cum-exploration well in Block BM-C-30, BPCL said in a notification to the stock exchanges.
The block is located at a water depth of around 4,650 feet. Anadarko Petroleum Corp is the operator of the block with 30% interest, Devon Energy Corp holds 25%, and South Korea’s SK Energy 20%. IBV Brazil Petroleo, a joint venture between Bharat PetroResources and Videocon, holds the remaining 25% interest in the block.
BPCL said the latest well has encountered more than 90 feet of high quality net oil pay. In Oct 2008, the consortium had made the first discovery in the block during drilling of Wahoo well, encountering over 195 feet of net oil pay zone.
Wahoo-2 well is five miles north of the first discovery. “The activities confirm the main pay section in the original Wahoo discovery extends at least five miles to the north,” the notice said.