Petrobras Reports HC Shows on Aram

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Petrobras has just confirmed the presence of hydrocarbons on the wildcat 1-BRSA-1381-SPS (Curaçao), located in the Santos Basin. Drilling operations began at the end of August, and according to the company, further testing will be necessary in order to understand the extent of this discovery as well as its possible commerciality. This was the fourth wildcat drilled by Petrobras in 2021, all of them with pre-salt targets in Campos, Santos, and Espírito Santo. Out of the 3 with HC notification, this is the first one to be reported through the company’s Investor Relations, which might indicate more promising results.

Aram was the only block acquired on the 6th Production Sharing Bid Round (2019). Petrobras, with partners CNODC paid a signature bonus of BRL 5.05 billion together with a profit oil share of 29.96%

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