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Videocon Industries’ step down subsidiary -- Petroleo Brasileiro -- has made discovery of hydrocarbons. Petroleo Brasileiro SA (Petrobras), the operator of the BM-SEAL-11 Concession has discovered new light oil accumulation in ultra deep waters of Sergipe- Alagoas Basin, at concession area BM-SEAL-11, located in block SEAL-M-349. The discovery took place during drilling of well 1-BRSA-1104-SES (1-SES-166).
The well is 105 km from the municipality of Aracaju, off the coast of Sergipe State, at a water depth of 2,328 meters. This well is still being drilled and has reached a depth of 5,768 meters. This is Petrobras’s fifth hydrocarbon discovery in ultra deep waters of Sergipe-Alagoas Basin this year. In 2012, Petrobras had announced the presence of hydrocarbon accumulations in wells 1-SES-168 (Moita Bonita), 3-SES-165 (Discovery Assessment Plan - Barra), 1-SES-167 (Farfan) and 1-SES-172 (Muriu).
The discovery of well 1-SES-166, informally known as Cumbe, occurred in reservoirs of the Calumbi formation. The discovery was confirmed through log data analysis. Studies of pressures recorded in the reservoirs and fluid sampling have indicated the presence of light hydrocarbons. The oil was found in excellent quality reservoirs, with thickness of 28 meters. Petrobras is the operator of the SEAL-M-349 concession, with a stake of 60%, in partnership with IBV do Brasil (40%).
Petrobras is going to proceed with drilling operations to a depth of 6,125 meters. Following the final logging, the assessment strategy of the new discovery will be prepared. The next step will be to submit the Discovery Assessment Plan to the National Petroleum, Natural Gas and Biofuels Agency (ANP).
| Company Name | CMP |
|---|---|
| Dixon Technologies | 9986.45 |
| Honeywell Automation | 52549.00 |
| MIRC Electronics | 21.31 |
| Elin Electronics | 158.40 |
| Safa Systems & Techn | 14.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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