Videocon and BPCL Discover Good Quality Light Oil in Offshore Brazilian Block

Strategic Insights -

The Brazilian national oil company Petrobras has completed a formation test to assess the potential of a petroleum deposit in a well in the BM-SEAL-11 concession in the SEAL-M-426 block in the Sergipe-Alagoas Basin. The test confirmed the presence of light oil with a 37-degree API and good productivity of the reservoirs. The well, located 102.7 km from the city of Aracaju and 10.3 km from the first discovery well 'Farfan', has two reservoir intervals of light oil and gas, with the top zone being 44 meters thick and the bottom zone being 11 meters thick, a new discovery for the area. The consortium partners will continue to implement the Discovery Assessment Plan (PAD) as approved by the Brazilian regulatory authority ANP.

Key Takeaways:

  • The formation test confirmed the presence of light oil with a 37-degree API and good productivity of the reservoirs in the BM-SEAL-11 concession.
  • The well has two reservoir intervals of light oil and gas, with the top zone being 44 meters thick and the bottom zone being 11 meters thick.
  • The bottom zone is a new discovery for the area and the well is located 102.7 km from the city of Aracaju and 10.3 km from the first discovery well 'Farfan'.
  • Petrobras holds 60% interest in the concession and IBV Brasil, a Brazilian joint venture company, holds the remaining 40%.
  • The consortium partners will continue to implement the Discovery Assessment Plan (PAD) as approved by the Brazilian regulatory authority ANP.
  • The formation tests of the new hydrocarbon accumulations at multiple plays will further add to the hydrocarbon resources already indicated in the Block, according to Pradeep N Dhoot, Director of Global E&P Business of Videocon.

Statistics:

  • Depth of the well: 6,060 meters
  • Water depth: 2,467 meters
  • Thickness of the top zone: 44 meters
  • Thickness of the bottom zone: 11 meters
  • API of the light oil: 37 degrees
  • Distance from Aracaju: 102.7 km
  • Distance from the first discovery well 'Farfan': 10.3 km

Sources:

  • The Northlines, 2015.
  • Contify.com.