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Discovery Was Made in Deep Waters of Block BM-SEAL-4, in the Sergipe Alagoas Basin by Indian Oil Company ONGC and Now Commerciality Tests Begin
The Sergipe Alagoas basin continues to have very active offshore activity, and its recent gas discoveries have been equated and referred to as a new pre-salt.
In mid-last month, Click Petróleo e Gás had already reported that the Sergipe Basin is expected to receive drilling by ExxonMobil as early as 2020, considering the blocks acquired by the company in the permanent offering auction.
This discovery was made by the Indian oil company ONGC, which announced a natural gas discovery at the Moita Bonita-2 well, located in deep waters of block BM-SEAL-4.
The asset is located at a water depth of 2,629 meters in the Sergipe Alagoas basin, with operation by Petrobras (75%) in partnership with the Indian company (25%).
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According to the consortium, the schedule now provides for the continuation of operational activities to assess the area and verify its commerciality, given that initial tests, according to ONGC, showed good reservoir production.
The Indian State-Owned Company
The Oil and Natural Gas Corporation (ONGC) is an Indian Multinational Oil and Gas Corporation. Its headquarters are now in New Delhi, India. It is a state-owned company of the Government of India, under the administrative control of the Ministry of Oil and Natural Gas.
It is the largest oil and gas exploration and production company in the country. It produces about 70% of India’s crude oil (equivalent to about 57% of the country’s total demand) and about 84% of its natural gas.
ONGC has a presence in the Far East, Middle East, Africa, and Latin America through its subsidiary ONGC Videsh Limited (OVL). In Brazil, it holds the blocks BC-10, BM-SEAL-4, BM-BAR-1, BM-ES-42, BM-S-73, and S-74; in Colombia, it controls the blocks LLA-69, RC-8, RC-9, RC-10, SSJN-7, and CPO-5; in Cuba, blocks N-25, N-26, N-27, N-28, N-29, N-34, N-35, and N-36; and in Venezuela, it operates the San Cristobal and Carabobo-1 blocks.
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