Petrobras informs that it has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block.

Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1,952 meters. The drilling of this well has ended, with a oil-bearing interval confirmed through electrical logs, gas shows, and fluid sampling.

The Aram consortium will begin laboratory analyses to characterize the conditions of the reservoirs and fluids found, which will allow the evaluation of the area's potential. Additionally, two more wells will be drilled, and a drill stem test will be conducted as part of the Appraisal Plan (AP).

The AP has a deadline in 2027, and additional data acquisition activities may be carried out, according to planning and contractual obligations established with the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

Aram block was acquired in March 2020, in the 6th ANP Bidding Round, under the Production Sharing regime, with Pré-Sal Petróleo S.A. (PPSA) as the manager. Petrobras is the operator of the block and holds a working interest of 80%, along with the CNPC (20%).

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

About CNPC

CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries, we are seeking an even greater international role. We provide energy in a profitable manner, and always attach great importance to our social and environmental responsibilities.