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    Your email address will not be published.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

    Storaenso company

    Brazilian Police Bar Press from Doing Its Work

    London-based international freedom-of-expression organization Article 19 has issued a note condemning the abuses committed ...

    Brazil Calls in China for End to US and EU Farm Subsidies

    Some 30 foreign ministers are participating in a World Trade Organization meeting in Dalian, ...

    Contag, the Voice of Brazil’s 15 Million Peasants

    The Contag is the biggest peasant organization presently in existence in Brazil. It represents ...

    Presidents Lula and Chavez

    What the US and Europe Can Learn From Brazilian Socialism

    The crash of 2008 called the World Social Forum’s bluff. For years, the Forum ...

    US Senator Richard Lugar

    Helping Uruguay American Senator Hopes to Force Brazil to Do More Business with US

    Richard Lugar, the ranking Republican on the Foreign Relations Committee in the US senate, ...

    Brazil’s Chaos Shouldn’t Scare Investors Off, Says Peugeot Citroen

    The attacks by a drug Mafia in São Paulo, Brazil, which have caused 91 ...

    Brazilian Indians Say Only Property Rights Will Make Them Feel Secure

    The nutritional conditions of Brazil’s indigenous peoples were discussed Wednesday, June 29, at a ...

    Venezuela students

    Brazil Concerned with Venezuela’s Restlessness But Not Too Much

    Brazilian Foreign Minister, Celso Amorim, speaking in Davos, Switzerland, at the World Economic Forum, ...

    Brazilian Juice Producers Learn to Get the Right Taste for Export

    Brazilian mangoes, pineapple, paw-paw and grapes have found a fertile territory in the Arab ...

    France Wants Brazil’s Natural Soy

    The French province of Brittany, in the person of the vice governor, Pascale Loget, ...