Brasilia: Brazil`s state-run Petroleo Brasileiro SA discovered a new deposit of light oil in deep waters off the coast of the northern state of Sergipe, the company said on Monday.
Well 3-SES-189, located in the Poço Verde area discovered in 2012 in the BM-SEAL-4 exploration block, was drilled down to 5,350 meters in waters 2,479 meters deep.
Drilling began on April 6 by Diamond Offshore Drilling Inc with its Ocean Courage semisubmersible rig.
"The reservoirs contain light oil of good market value and are 85 meters wide, with good porous and permeable conditions," a Petrobras statement said. It said another test is needed to confirm the conditions and establish the well`s potential.
Petrobras is the operator and has a 75 percent stake in the prospect, in partnership with India`s Oil and Natural Gas Corp , which holds 25 percent.
Deepwater exploration in the Sergipe-Alagoas Basin by Petrobras, ONGC and India`s Videocon Industries Ltd and Bharat Petroleum Corp. has resulted in some of Brazil`s largest oil discoveries outside the giant finds in the Santos Basin.
