An exploration probe in the frontier Sergipe Basin offshore Brazil has confirmed the extent of an ultra-deep discovery, with a formation test still underway.
Operator Petrobras said the results of extension well 3-SES-176D (3-BRSA-1178D-SES), informally known as Farfan-1, confirmed the extent of the previous light oil discovery in the Farfan area. The find was made in turbidite sandstones of the Upper Campanian (calumbi formation) in the BM-SEAL-11 concession area (SEAL-M-426).
The well is located 104 km from the city of Aracaju, around 5 km from the discovery well and in a water depth of 2,476 m (8,124 ft). The well confirmed a 51 m (167 ft) thick reservoir, featuring good per- moporosity characteristics, said the operator.
The formation test is being conducted to assess the reservoir’s productivity.
Petrobras added that the accumulation is part of the development plan for the deepwater Sergipe-Alagoas basin, in accordance with the company’s 2013-2017 Business and Management Plan.
The consortium will proceed with the Discovery Evaluation Plan (PAD).
Recommended Reading
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Chord Energy Updates Executive Leadership Team
2024-03-07 - Chord Energy announced Michael Lou, Shannon Kinney and Richard Robuck have all been promoted to executive vice president, among other positions.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
2024-02-20 - With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.