On 17 April 2020, Petrobras concluded drilling the 1-RJS-753 (1-BRSA-1375-RJS), new-field wildcat (NFW), Natator prospect, in the SO Tartaruga Vd_P5 Contract, SO_TRTG_VD Block in the deep water of the Campos Basin.  Petrobras issued a press release on 7 April 2020 indicating it logged oil shows in the well in the Early Cretaceous post-salt Quissama Formation target and will further evaluate the data to determine commerciality and future appraisal activity.  The NFW was spudded on 13 February 2020 and had a proposed total depth (PTD) of 3,326 m. The well reached a total depth (TD) of 3,216 m  The "Gold Star" S/S drilled the well in a water depth of 1,080 m and has left the country.  The NFW lies in the north-eastern area of the block approximately 3.6 km south-east of the southwestern area of the Tartaruga Verde Field. The prospect was initially named Michelangelo and was identified by the ANP as a structural lead when the block was on offer in the ANP 5th PSC Pre-Salt Bid Round.   Petrobras has 100% working interest in the SO Tartaruga Vd_P5 Production Sharing Contract (PSC), which includes two blocks: the 123.42 sq km SO_TRTG_VD Block and the 3.7 sq km Tartaruga Verde Sudoeste Block.  The original 127.12 SO_TRTG_VD Block was preliminary awarded to Petrobras on 28 September 2018 through the 5th PSC Pre-Salt Bid Round, and officially awarded on 17 December 2018.  Petrobras paid a fixed bonus of USD 17.50 million at USD 1.00 to BRL 4.00 exchange rate and has a first exploration period financial guarantee of USD 62.50 million to cover the cost of the one well drilling commitment. Petrobras offered the minimum state take of 10.01% and won the block as there were no other bidders. The PSC contract has a seven year exploration period.
1-RJS-753 (1-BRSA-1375-RJS / Natator / Michelangelo) nfw. (Petrobras 100%), NE part of SO Tartaruga Vd_P5 contract, SO_TRTG_VD block, WD=1 080m, oil shows in the target L. Cretaceous post-salt Quissama Fm, shows report to ANP early Apr '20. PTD is/was 3326m. Petrobras issued a press release on 7 April 2020 indicating it logged oil shows in the well in the Early Cretaceous post-salt Quissama Formation target and will further evaluate the data to determine commerciality and future appraisal activity.