Bharat Petro resources, a wholly owned subsidiary of Bharat Petroleum Corporation (BPCL), has reported that Petrobras, operator of block 426 in BM-SEAL-11 Concession, has confirmed the presence of oil and gas accumulations, after completing the deepening, logging and testing operations at Barra Well (1-SES-158). The Barra Well was drilled in water depth of 2311 meters, 58 km from the coast of Sergipe and 90 km from Aracaju, in the Sergipe- Alagoas Basin off shore Brazil. The information obtained so far, is sufficient to confirm discovery of a new oil province in the Sergipe- Alagoas Basin.
The operator has reported the presence of excellent reservoirs with good porosities and permeability at a depth of approximately 5050 and 5400 meters. Excellent quality hydrocarbons were observed in the range from around 43 API(consolidate/ light oil) to 32 API(oil), during logging and fluid ( liquid and gas) sampling, in a formation test.
The consortium consisting of operators with 60% of participating interest and IBV Brasil Petroleo (a 50:50 Joint Venture company formed by wholly owned subsidiaries of Videocon Industries and Bharat PetroResources) holding the balance 40% participating interest, will continue the minimum exploration program, agreed with the National Agency of Petroleum Evaluation Plan submitted by the consortium, in order to ascertain the extent of accumulation.
