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Videocon Industries updates on discovery of hydrocarbons accumulations

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Capital Market
Last Updated : Feb 03 2015 | 10:00 AM IST

In deepwater Sergipe Alagoas Basin

Videocon Industries announced that Petroleo Brasileiro SA (Petrobras), the operator of the BM-SEAL-11 Concession has informed on 02 February 2015, the drilling results of the third appraisal Well 3-SES-186, located 103 km from the city of Aracaju and about 10 km from the discovery well 'Farfan' , in Concession Area BM-SEAL-11, Block SEAL-M-426 in deepwater Sergipe Alagoas Basin.

The result obtained in this well confirms the extension of the light oil reservoirs previously discovered by the 'Farfan' discovery well in turbidite sandstones of Upper Campanian age (Calumbi Formation), communicated previously in August 2013.

The Well 3-SES-186 is currently under further drilling to the target depth of 6060 meters, at water depth of 2467 meters.

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First Published: Feb 03 2015 | 9:24 AM IST

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