* Petrobras says new discovery in Sergipe-Alagoas basin
* The "Moita Bonita" prospect is 100 pct owned by Petrobras
RIO DE JANEIRO Aug 24 Brazil's state-run oil
giant Petrobras said on Friday it found "good
quality" crude in an ultra-deep water block in the
Sergipe-Alagoas basin, its latest in a string of discoveries in
one of the world's most active offshore oil frontiers.
The Rio de Janeiro-based company said it found a 300-meter
(984 foot) column of hydrocarbons with 52 meters of netpay of
oil and gas in porous sand-stone structures after drilling in a
well known as 1-BRSA-1088-SES or "Moita Bonita." The well is
located 35 Km (20 miles) southeast of company's "Barra"
Petrobras and partner IBV Brasil completed drilling a well
earlier this week that confirms the extent of the "Barra"
"Moita Bonita" is located in the BM-SEAL-10 block off the
coast of the Brazil's northeastern state of Sergipe and is 100
percent owned by Petrobras.
The new find comes only four days after Petrobras announced
it discovered oil in a deep water field south of the city of Rio
de Janeiro. That discovery had a 295-meter column of
hydrocarbons in a prospect known known as "Franco SW."
Petrobras, which accounts for 90 percent of Brazil's oil and
gas output, has been criticized for its slow increase in output
since the discovery of several massive subsalt oil fields off
the coast that were announced in 2007.
Brazil and oil companies operating in the country expect to
produce about 7 million barrels of oil a day by 2020, an amount
that would allow the South American nation to challenge the
United States for the position of world's third-largest producer
after Russia and Saudi Arabia.