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.
Australian oil company Eromanga Hydrocarbons and Nord Oil and...
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