RIO DE JANEIRO, Jan 9 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA said on Friday it found light oil in ultradeep waters in the Sergipe basin, a large oil frontier off Brazil’s northeast cost.
The finding in the BM-SEAL-10 concession of the Muria area adds to a previous oil discovery in the area announced in August 2013. The company said in a statement that further tests were needed to establish the viability of the well named by Petrobras as 9-SES-187A.
The Sergipe basin is one of the biggest new oil offshore frontiers in Brazil since giant discoveries in the Santos Basin south of Rio de Janeiro in 2007.
Petrobras had previously planned to start producing oil in the area in 2018, but said in December that many of its plans may be revised as the company reels from a giant corruption scandal. (Reporting by Walter Brandimarte; Editing by Jeffrey Benkoe)