Petrobras proves potential of Moita Bonita area in the Sergipe-Alagoas basin

8/25/2014

Petrobras proves potential of Moita Bonita area in the Sergipe-Alagoas basin

RIO DE JANEIRO -- The third well drilled by Petrobras in the Moita Bonita area, in the BM-SEAL-10 concession block of the Sergipe-Alagoas basin, has proved the extension of the gas and light oil discovery made in that area, as released to the market on Aug. 24, 2012.

This well, informally known as Moita Bonita 3 (3-BRSA-1244-SES / 3-SES-182), is the second extension well drilled in the area, and is located 82 km off the coast of Sergipe, approximately 5 km from discovery well Moita Bonita 1-BRSA-1088-SES (1-SES-168) and at a water depth of 2,790 m.

Drilling confirmed the existence of 40-m thick reservoirs with good permeability and porosity conditions, consistent with the project’s expectations. After the drilling operation was concluded, a formation test was conducted, which proved the presence of oil with 41 degrees API and good reservoir productivity.

The Moita Bonita accumulation is part of the Sergipe-Alagoas basin ultra-deepwater development program.

Petrobras, the operator of BM-SEAL-10 with a 100% interest, will proceed with the activities planned for this area.

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