SHARE
(Image courtesy of Petrobras)

Petrobras reported Wednesday that it has completed the formation test on well 1-SPS-98 (1-BRSA-1063-SPS), informally known as Sagitario.

The formation is located in ultra-deep waters of the Santos Basin pre-salt offshore Brazil.

The test has uncovered carbonate reservoirs with good permeability.

This is the first well to be drilled in block BM-S-50 120 miles off the Sao Paulo coast, at a water depth of 6,183 feet.

The consortium operated by Petrobras who holds a 60 percent interest.