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Anadarko spuds wells in pre-salt cluster - Brazil

Published: Tuesday, November 3, 2009 13:02 (GMT -0400)More news from Brazil

By João Carvalho / Business News Americas

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Houston-based oil company Anadarko (NYSE: APC) spudded the Wahoo-2 deepwater well offshore Brazil at the end of the third quarter, company chairman and CEO Jim Hackett told a webcast.

The Wahoo-1 and Wahoo-2 wells are located in the prolific offshore pre-salt cluster on the Campos basin's BM-C-30 block.

Anadarko, through a wholly owned subsidiary, operates the BM-C-30 block with a 30% stake. The company also holds minority interests in blocks BM-ES-24 (30%) and BM-ES-25 (40%).

"The well is intended to appraise the pre-salt discovery pay zone encountered in the Wahoo-1 discovery and will also test a deeper exploration target," Hackett said.

After the assessment drilling, the Deepwater Millennium drilling vessel will be moved back to Wahoo-1 to conduct a drill-stem test.

Earlier this year, Anadarko said initial estimates indicate up to 700Mb of recoverable oil and gas at Wahoo-1.

Anadarko also recently spudded the Itaipu-1 well on the BM-C-32 offshore block in the Campos basin, according to Hackett.

"The well will test a geologic feature similar and adjacent to the giant Jubarte pre-salt producing area," he said.

The well has similar characteristics to Brazilian federal energy company Petrobras' (NYSE: PBR) previously announced pre-salt discoveries at the Jubarte field in Espírito Santo state which are currently producing 18,000b/d, another Anadarko executive said during the webcast.

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