Petrobras Hits Paydirt in Offshore Piranema Area

FPSO Sevan Piranema
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Piranema Field, Brazil
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Petrobras announced a new discovery of light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area. The economically recoverable volume of oil is estimated at 15 million barrels.

The discovery was made in the exploratory well 3-PRM-12-SES, drilled in the far north of the Piranema concession area, some 28 km off the coast of the state of Sergipe, in water depht of 800 meters and total depth of 2,693 meters. Preliminary analysis indicates the presence of light oil (44° API), in reservoirs of a good quality (thickness, permeability and porosity). Further analysis will be developed for a better understanding of the reservoir as well as a drilling of a second production well.

Looking to take advantage of the production and distribution infrastructure that is already installed in the area, the Company is analyzing the possibility of connecting well 3-PRM-12-SES to the production platform that is already operating in the Piranema field.

This discovery in Piranema, like the new discoveries announced in Pampo and Barracuda fields in 2010, is a result of the Company's exploration strategy of stepping up efforts in the vicinity area of the fields that are already in production (PLANÓLEO), taking advantage of the existing infrastructure to implement profitable projects at lower cost and reduced time from the discovery to the production.


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