Petrobras Confirms Expanded Reserves at Moita Bonita

Brazil’s state-controlled giant Petrobras confirmed April 18 the extension of the gas accumulation at the offshore Moita Bonita area.

The company made the announcement as it said it has completed the drilling of a new well at Moita Bonita, which is located in the BM-SEAL-4 concession, 80 km from the city of Aracaju. The reserves sit at a water depth of 2,629 metres.

“The results of the drilling of the well 3-SES-192 confirmed the extension of the gas accumulation discovered, with a total thickness of 39 metres, in a reservoir located at a depth of 5,227 metres,” the Petrobras statement reads. “This well also showed an oil discovery in a deeper reservoir, with a total thickness of 24 metres,” it adds.

It is the fifth extension well in the Moita Bonita area, whose discovery was reported in August 2012. Petrobras is the consortium operator (75%), in partnership with ONGC (25%). The company said it will continue evaluation of the well, including conducting a formation test.