New well confirms Sergipe-Alagoas Basin potential

Rio de Janeiro, September 24, 2014 – Petróleo Brasileiro S.A.

– Petrobras announces it has identified the presence of gas while drilling extension well 3-BRSA-1022-SES (3-SES-181).

The well is located in the Discovery Evaluation Plan area of Poço Verde in concession BM-SEAL-4 in Sergipe-Alagoas Basin ultra-deep waters.

The well, informally known as Poço Verde 1, is situated 58km off the coast of Aracaju, at a water depth of 2,196 meters.

Reservoirs containing good porosity characteristics were detected, confirming project expectations.

The Poço Verde accumulation is part of the Sergipe-Alagoas Basin deep-water development program.

Petrobras, BM-SEAL-4 operator with a 75% stake, in partnership with India-based company ONGC holder of 25%, will proceed with the activities outlined for the area.

Sincerely,  

Investor Relations. 

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