Petrobras announces that the first extension well 3-BRSA-1194-SES (3-SES-178) drilled in the Moita Bonita area, on concession BM-SEAL-10, has confirmed the extension of the gas and light oil discovery, as released to the market on August 24, 2012. The well, known as Moita Bonita -1, is located in ultra-deep waters of the Sergipe-Alagoas Basin.

Fifty-meter thick reservoirs were discovered featuring good permeability and porosity, confirming the project´s expectations.

The well is 83 km off the Aracaju coast, 7 km from the discovery well Moita Bonita 1-BRSA-1088-SES (1-SES-168), at a water depth of 2,800 meters.

The Moita Bonita accumulation is part of the Sergipe-Alagoas Basin deep water development program.

The consortium will proceed with the discovery evaluation plan approved by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which covers concessions BM-SEAL-10 and BM-SEAL-4.

Petrobras is the operator of both areas, holding 100% interest in BM-SEAL-10 and in partnership with ONGC (25%) in BM-SEAL-4.