ONGC Videsh Makes New Discovery in Brazil
Wednesday 16 October 2019
Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh, completed drilling of the well Moita Bonita-2 in deep offshore Brazil located in the Moita Bonita Area (block BM-SEAL-4) at a water depth of 2629m and encountered gas bearing sand of total thickness of 39m at the depth of 5227m and oil bearing sand of total thickness of 24m at deeper depths. Drill Stem Test (DST) was performed in the gas carrier interval 5252m to 5291m, and the result showed good production from the reservoir.
Petrobras is the Operator of the consortium (75% PI) and partners ONGC Videsh (25% PI). The consortium plan to continue the operational activities to evaluate the discovery to ascertain its commerciality.
ONGC Videsh has a significant presence in oil & gas sector of Brazil and Colombia. It holds stakes in seven exploratory blocks. In addition, ONGC Videsh is the joint owner of the oil producing company Mansarovar Energy Colombia Ltd (MECL) along with its partners Sinopec of China. In Brazil, ONGC Videsh holds 27% PI in the offshore BC-10 block.