Petrobras Finds New Signs of Oil in Sergipe

New Oil Discoveries in Sergipe Basin – Alagoas Were Reported by Petrobras, Within Block BM-SEAL-4.

The oil company reported new indications of oil. The company states that the discovery occurred in the Sergipe Basin, within block BM-SEAL-4, at a water depth of 2,647 meters, at well 3-BRSA-1368-SES. In June of this year, Petrobras made the largest discovery in the region since the pre-salt.

The drilling of well 3-BRSA-1368-SES was carried out in June of this year, using the Petrobrás 10,000 rig operated by Transocean.

BM-SEAL-4 is one of four blocks that Petrobras has for sale in Sergipe-Alagoas, alongside BM-SEAL-4A, BM-SEAL-10, and BM-SEAL-11.

The curiosity about this fact lies in the fact that the Brazilian oil company is the operator of block BM-SEAL-4 and is selling a 35% stake in its share of the area, which is 75%.

This is the sixth discovery made in the asset. The first, of gas, dates back to May 2012; the second (oil), from December of the same year; the third (gas), from September 2014; the fourth (oil), from May 2015; and the fifth (gas and oil), from April of this year.

Now in its third period, the minimum exploratory program (PEM) of BM-SEAL-4 plans to drill three wells. The Discovery Assessment Plan (PAD) for the asset expires in December 2020.

Brazilian Group Noxis Energy Wants to Build Refinery in the Region

Sergipe remains the center of attention regarding investments, following the intention of some municipalities to establish a port complex in the state, now it is the turn of the Brazilian group Noxis Energy to announce its intention to build a refinery of US$ 450 million in the region.

The company intends to implement mini refineries for bunker (fuel used in ships) with reduced sulfur content for export, taking advantage of the demand for this type of fuel, as its use will be mandatory starting January of next year.

Four foreign groups are competing for Angra 3, and modeling will serve for eight new plants