The third well drilled by Petrobras in the Moita Bonita area, in the BM-SEAL-10 concession block of the Sergipe-Alagoas Basin, has proved the extension of the gas and light oil discovery made in that area, as released to the market on August 24, 2012.

This well, informally known as Moita Bonita 3 (3-BRSA-1244-SES / 3-SES-182), is the second extension well drilled in the area, and is located 82 km off the coast of Sergipe, approximately 5 km from discovery well Moita Bonita 1-BRSA-1088-SES (1-SES-168) and at a water depth of 2,790 meters.

Drilling confirmed the existence of 40-meter thick reservoirs with good permeability and porosity conditions, consistent with the project’s expectations. After the drilling operation was concluded, a formation test was conducted, which proved the presence of oil with 41 degrees API and good reservoir productivity.

The Moita Bonita accumulation is part of the Sergipe-Alagoas Basin ultra-deepwater development program.

Petrobras, the operator of BM-SEAL-10 with a 100% interest, will proceed with the activities planned for this area.