Petrobras was drilling with oil shows on 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 during early-April 2020.     Petrobras issued a press release on      7 April 2020 indicating it logged oil shows in the well and the ANP has      yet to report the shows. The operator indicated it had oil shows 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.       The well has a proposed total depth (PTD) of 3,326 m and is targeting the Early Cretaceous Quissama Formation.        The "Gold Star" S/S is drilling the well in a water depth of 1,080 m.        The NFW is located 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 is 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. Estimated 2P recoverable resources for the prospect are 404 MMbo and 200 Bcfg. Â Â Â Â Â Â Â Â  Â        Petrobras has 100% working interest in the PSC contract.      On 17 December 2018, Petrobras was granted an official award for the 127.15 sq km SO Tartaruga Vd_P5 contract, SO_TRTG_VD block through the 5th PSC Pre-Salt Bid Round after contract signature with the government. The contract now covers 123.4 sq km after a small portion was unitized with Tartaruga Verde. On 28 September 2018, Petrobras was granted a preliminary award for the Sudoeste de Tartaruga Verde block through the 5th PSC Pre-Salt Bid Round after being the high bidder for the block. 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.
Brazil (East Campos Sub-basin (Campos B.)) Tartaruga Verde