The Poço Verde 4 well hit a new oil accumulation in the Poço Verde area in the ultradeepwater Sergipe-Alagoas Basin offshore Brazil, Petrobras said June 1. The well is in the BM-SEAL-4 concession.
The well, formally known as Well 3 SES 189, is 23.5 km from the discovery well in 2.479 m of water. Poço Verde ran 5.350 m deep.
The area’s light oil reservoirs are 85 m thick with good porosity and permeability.
This well was the third drilled in the Poço Verde area, which was discovered in July 2012. Poço Verde is part of the exploratory project in the basin. There are five other evaluation plans, Petrobras said.
Petrobras operates the consortium with 75% interest. Partner ONGC, which has 25% interest, will evaluate the results and confirm reservoir conditions and production potential through a test.
The discovery evaluation plan will carry on as approved by the National Agency of Petroleum, Natural Gas and Biofuels.
Source: Petrobras
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners Acquires Equity in Renewable Firm ArtIn Energy
2024-04-26 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.