Petrobras Finds Gas at Poco Verde 1 Well in Brazil's Sergie-Alagoas Basin

Petroleo Brasileiro S.A. (Petrobras) announced Wednesday that  it has identified the presence of gas while drilling extension well 3-BRSA-1022-SES (3-SES-181). The well is located in the Discovery Evaluation Plan area of Poco Verde in concession BM-SEAL-4 in Sergipe-Alagoas Basin ultra-deep waters offshore Brazil.

The well, informally known as Poco Verde 1, is situated 36 miles (58 kilometers) off the coast of Aracaju, at a water depth of 7,204 feet (2,196 meters).

Reservoirs containing good porosity characteristics were detected, confirming project expectations.

The Poco Verde accumulation is part of the Sergipe-Alagoas Basin deep-water development program.

Petrobras, BM-SEAL-4 operator with a 75 percent stake, in partnership with India-based company ONGC holder of 25 percent, will proceed with the activities outlined for the area.

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