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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

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Petroleo Brasileiro Petrobras : Fourth Jupiter well proves extension of Santos Basin pre-salt discovery

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08/13/2014 | 08:30pm CEST

Rio de Janeiro, August 13, 2014 - Petróleo Brasileiro S.A. - Petrobras announces confirmation of the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia.

This well, which is situated 296 km off the coast of Rio de Janeiro, at a water depth of 2,183 meters, is the fourth well drilled in the Jupiter area and is 8 km to the southwest of discovery well (1-RJS-652A).

Drilling activities have confirmed a hydrocarbon column of about 313 meters, starting at a depth of 5,166 meters, with rocks showing good porosity and permeability conditions.

Besides the gas cap and condensate, the well verified an oil column of some 87 meters thick.

The well drilling is still in progress and is expected to reach a final depth of approximately 5,700 meters.

Samples collected from the well have confirmed similar fluids to those found in pioneer well 1-RJS-652A (Júpiter) and at both extension wells drilled so far, which have confirmed a sizeable reservoir of gas (natural and CO2), condensate and oil.

The consortium, operated by Petrobras (80%) in partnership with Petrogal Brasil (20%), will proceed with the activities provided for in the Discovery Evaluation Plan approved by Brazil's National Petroleum, Natural Gas and Biofuels Agency (ANP).


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Financials ( BRL)
Sales 2017 299 228 M
EBIT 2017 48 588 M
Net income 2017 18 154 M
Debt 2017 303 381 M
Yield 2017 5,47%
P/E ratio 2017 11,54
P/E ratio 2018 9,07
EV / Sales 2017 1,62x
EV / Sales 2018 1,42x
Capitalization 180 680 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 16,8  BRL
Spread / Average Target 24%
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Managers
NameTitle
Pedro Pullen Parente President, CEO & Executive Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
Segen Farid Estefen Director
Sector and Competitors
1st jan.Capitalization (M$)
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PETROCHINA COMPANY LIMITED0.00%205 923
TOTAL-12.46%125 032
STATOIL-8.78%59 613
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