Petrobras strikes again in Farfan (Brazil)

January 9, 2015

Petrobras has announced the results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature), located at concession area BM-SEAL-11, in block SEAL-M-426, in Sergipe Basin ultra-deep waters, off Brazil.

The results confirm the light oil and gas discovery in Farfan area (between 37º and 40º API), as announced in August, 2013. According to Petrobras, the results presented excellent permoporosity conditions in the turbidities reservoirs with 54 meters thickness.

Furthermore, this drilling also presented a new light oil accumulation in a deepest reservoir, with 28 meters thickness and in good permoporosity conditions.

Located at 107 km off Aracaju, at 5.7 km off the discovering well and at a water depth of 2,492 meters, the well reached a final depth of 5,900 meters and Petrobras says it is under evaluation now.

This accumulation is part of the Sergipe-Alagoas Basin deep-water exploration project, according to Petrobras’ Business and Management Plan for the 2014-2018 period.

Petrobras will continue with the Discovery Evaluation Plan, as approved by Brazil’s Petroleum, Natural Gas and Biofuels Agency (ANP).

Petrobras is the operator of the consortium (60%) in partnership with IBV-BRASIL (40%).

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