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News Brief | November 2014

Petrobras, ONGC find gas in Brazil

Brazil's State-run oil company Petroleo Brasileiro SA has discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find. The discovery was made in an extension well being used to evaluate the Poco Verde prospect in the BM-SEAL-4 block. The well was drilled in 2,196 meters of water 58 kilometers off the coast of Aracaju, the capital of Brazil's Sergipe state. The discovery is one of several in recent years in an area believed to hold more than 1 billion barrels of recoverable oil.
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