Petrobras has confirmed the extension of the light oil and gas discovery, as announced to the market on Aug. 9, 2013, by drilling the third extension well in ultradeep waters of Sergipe Basin’s Farfan area. Drilling activities also have detected the presence of a new, shallower, 68-m (223-ft) thick light oil-bearing reservoir, a press release said.

Well 3-SES-186/3-BRSA-1286-SES is located 103 km (64 miles) from the city of Aracaju and 10 km (6.2 miles) from the discovery well, at a water depth of 2,467 m (8,094 ft). Well drilling is set to continue until reaching the total depth of 6,060 m (19,882 ft).

This accumulation is part of the Sergipe-Alagoas Basin ultradeepwater exploratory project, as provided for in the 2014-18 business and management plan.

Petrobras, consortium operator (60%) in partnership with IBV-BRASIL (40%), will proceed with the activities outlined in the discovery evaluation plan, as approved by Brazil’s National Petroleum, Natural Gas and Biofuels Agency.