Brazil Finds 15 Million Barrels of the Best Oil Off the Sergipe Coast

Petrobras' Piranema field Brazilian state-controlled oil and gas multinational Petrobras announced the discovery of light oil reserves in Sergipe Basin. According to information disclosed by the company, March 16, preliminary estimates point towards the presence of extremely high-quality oil.

The discovery was made after the drilling of an exploratory well in the post salt area of Piranema. The economically recoverable volume of oil is estimated at 15 million barrels. The well is located at a water depth of 2,693 meters (8,835 feet).

According to Petrobras, the exploratory well was drilled in the far north of the Piranema concession area, around 28 kilometers (17.4 miles) off the coast of Sergipe.

Due to the existence of complete production and transfer infrastructure in the region, the company is studying the possibility of connecting the well that originated the discovery to a production platform that is already operating in Piranema Field.

The discovery will be the object of additional evaluation for better understanding of the reservoir and the drilling of a second production well.

According to the oil company, the discovery is the fruit of an exploratory strategy to intensify the works close to fields in production.

This following the example of Pampo and Barracuda Fields in 2010, aimed at making use of the capacity at existing installations, reducing the production costs and speeding up production of new volumes of oil.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Cattle sacrificed in Mato Grosso do Sul, Brazil

Ban to Brazilian Beef Spreads to 32 Countries

Thirty two countries have already banned beef from Brazil since it was disclosed that ...

Brazilian Appointed as UN Representative in Haiti

Brazil’s Ministry of Foreign Relations (MRE) received the nomination of the Brazilian Luiz Carlos ...

After Amazon Gang Arrest, Brazil Expects Reduction in Deforestation

Brazil’s Minister of Environment, Marina Silva, said she expects a reduction in the deforestation ...

110 Deaths Later Brazil’s Dengue Epidemic Seems to Be Easing

Brazil's dengue epidemic in the state and city of Rio do Janeiro added another ...

Brazil Earmarks US$ 420,000 for Drug Users’ Syringe Exchange

This week, Brazil’s Ministry of Health released norms on what is known as harm ...

Brazilian community paper printed in the US East Coast

Brazil – Many Emigrants, Fewer Immigrants

In the late 19th and early 20th centuries an estimated 3.5 million people from ...

New Missile to Be Launched by 2006, Says Brazil

Brazil’s National Space Activities Program (PNAE) has strategic value for the country’s development, and ...

Rapidinhas

Breasting the competitionCreated by Brazilian ad agency DM9 for lingerie manufacturer Valisčre, the display ...

Brazilians, Relieved, Take Profits and Run

Latin American markets reversed course today and turned lower, as yesterday’s enthusiasm for Brazilian ...