Australian oil company Eromanga Hydrocarbons and Nord Oil and Gas have decided to expand drilling operations in Brazil's Sergipe-Alagoas basin to 550m after finding multiple oil zones.
Eromanga and Nord earlier this year spudded the PACA 2 appraisal well on block 330 and expected to reach a total depth of 530m, Eromanga said in a statement.
Roughly 95m of oil shows have been discovered with strong shows in the Morro do Chavez and Panedo areas. The partners have decided to test the underlying Serraria formation.
PACA 2 is the second well on block 330. PACA 1 has been under long term production testing since October 2008.
Eromanga owns a 40% stake in block 330 with the remaining 60% held by operator Nord Oil and Gas.
- Forums
- ASX - By Stock
- ERH
- bn americas news on paca 2
bn americas news on paca 2
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ERH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online