BG Group starts test drilling in Brazil
Oil and gas giant BG Group has started test drilling in the Iracema area of the BM-S-11 concession in the pre-salt Santos Basin off the coast of Brazil.
Oil and gas giant BG Group has started test drilling in the Iracema area of the BM-S-11 concession in the pre-salt Santos Basin off the coast of Brazil.
The floating production, storage and offloading vessel (FPSO) Cidade de So Vicente was connected to the RJS-647 well, in water depths of 2,212 metres, and will remain in the area for around half a year, gathering technical information on reservoir behaviour and oil flow in the sub-sea lines.
The well test is part of BG Group's fast-track development for its interests in the pre-salt Santos Basin discoveries and prospects. The information gathered will support the development of the final production system in the area, expected to be in operation by the end of 2014.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BG Group has a 25% interest in block BM-S-11, with operator Petrobras holding 65% and Petrogal Brasil SA 10%.
jh
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published