The Santos Basin is an 352,260 square kilometres (136,010 sq mi) offshore pre-salt basin.
It is located in the south Atlantic ocean, some 300 kilometres (190 mi) south east of S?o
Paulo, Brazil. One of the largest Brazilian sedimentary basins, it is the site of several
recent (2007-08) significant oil fields, including Tupi and Jupiter. The Santos Basin,
discovered during Brazil's first offshore exploration activities in the 1980s, went into
operation in 1993 and today the Merluza Field produces one million cubic metres of gas
and 1,600 barrels of oil a day. In 2003, the Mexilh?o reserve was found and it is now the
crown jewel in Brazil's drive to reduce its dependence on imported natural gas and ensure
its energy diversification goals. The Santos Basin Natural Gas and Oil Production
Development Master Plan, developed by the Santos Basin Business Unit (UN-BS), expects to
invest $18bn over the next decade, increasing production to 30 million cubic metres of
gas a day between 2010 and 2011. Jos? Luiz Marcusso, UN-BS general manager, Petrobras,
explains: "In the short term, the Santos Basin will consolidate the national gas market
and reduce imports from 50% to 30%?40%. Eventually, it will help maintain oil production
self-sufficiency by increasing production from 10,000 to 100,000 barrels a day within
four or five years."
Fri, 27 Apr 2012 15:25:00 CDTViewed: 75 times. Exxon Mobil said Friday it is abandoning its only exploration effort in the Santos Basin, epicenter of Brazil's offshore oil boom, an area where it has obtained mixed results amid tough drilling conditions.
Tue, 17 Apr 2012 12:15:25 CDTViewed: 88 times. Petrobras has encountered an offshore reserve of fine quality oil, near the Lula field in Brazil's Santos Basin.
Fri, 13 Apr 2012 15:52:31 CDTViewed: 30 times. OE: A new oil discovery has been encountered by Petrobras to the north Lula field in the Santos Basin pre-salt cluster, offshore Brazil
Thu, 12 Apr 2012 18:47:53 CDTViewed: 123 times. Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR3.BR, PETR4.BR), or Petrobras, said late Thursday it had made a new pre-salt oil discovery in the Santos Basin.
Thu, 12 Apr 2012 16:02:30 CDTViewed: 82 times. Please enable Javascript to view this content. Get free industry updates via email. Daily News Weekly News Equipment Updates Weekly Job Register Monthly Event Guide Our privacy pledge.
Thu, 12 Apr 2012 10:15:48 CDTViewed: 112 times. Forbes billionaire and Brazilian natural resources magnate, Eike Batista, has struck black gold yet again in the Santos Basin off the coast of Rio de Janeiro, Brazil. Batista?s new exploration and development company OGX (OGXP3.BR) discovered the presence of light crude deep under the Atlantic this week. The company said in a statement that the
Wed, 11 Apr 2012 09:45:22 CDTViewed: 135 times. Petrobras along with its partners BG Group and Galp Energia announced the successful drilling of the extension exploratory well in the pre-salt part of Santos Basin.
Tue, 10 Apr 2012 09:59:00 CDTViewed: 73 times. News Release 10 April 2012 Appraisal well confirms extension of Santos Basin discovery BG Group today announced the completion of drilling at an appraisal well in the BM-S-11 concession, off-shore Brazil,
Tue, 10 Apr 2012 01:12:00 CDTViewed: 33 times. BG Group today announced the completion of drilling at an appraisal well in the BMS11 concession offshore Brazil with good quality oil samples encountered. The results confirm the westerly extens
Tue, 10 Apr 2012 00:12:00 CDTViewed: 33 times. The well is 223 km off the coast of Rio de Janeiro some 9 km from the discovery well at a water depth of 2150 meters. The well informally known as Iara Oeste is the third well drilled in the Disc
