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

    Petrobras' Piranema field

    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    Your email address will not be published.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

    Brazil Breaks Abbott’s Patent and Will Make AIDS Drug for Half the Price

    The Brazilian government filed a request to break the patent of the drug, Kaletra, ...

    Lula and Dilma at Chavez's funeral

    At Chávez Funeral Brazil President Rejects His Populism and Avoids Meeting Ahmadinejad

    By leaving Caracas before Friday’s funeral ceremony for Venezuelan leader Hugo Chávez, Brazilian President ...

    Abbas and Lula

    Minority of Sectarians Blocks Peace in Middle East, Says Brazil’s Lula

    The president of the Palestinian National Authority (PNA), Mahmoud Abbas, asked for support from ...

    Brazilian Papaya Shampoo a Hit Among Arab Kids

    Brazilian cosmetics company Nazca, apart from having won the Arab women with products for ...

    Embraer jet, Brazilian export product

    Brazil Trade Balance Surplus Drops 6%

    The Brazilian balance of trade has recorded a US$ 370 million surplus in the ...

    Brazilian President Ready for 5th African Tour

    Brazilian President Luiz Inácio Lula da Silva will make an official visit to Algeria ...

    A Brazilian Model to Fight Poverty and Pollution at the Same Time

    Cascata, a 587-hectare settlement run by the Brazilian land reform institute (Instituto Nacional de ...

    James Cameron

    Three-Day Tour of Brazilian Amazon Leaves Avatar’s Director Ready for Activism

    Avatar director James Cameron will hold a press conference on Wednesday, March 31 at ...

    Brazilian products imported in Brazil

    Share of Imports in Brazil Gets Its Biggest Jump Since 2007

    The participation of imported products in Brazil’s consumption rose to 21.8 percent in the ...