Videocon Industries establishes oil reserves

In Sergipe-Alagoas Basin, Brazil

Videocon Industries announced that Petrobras, operator of the block SEAL-M-426 in BM-SEAL-11 Concession, Brasil, has completed the formation test (assessing the potential of a petroleum deposit) of well 3-BRSA-1286-SES (ANP nomenclature) / 3-SES-186 (Petrobras nomenclature), located in the BM-SEAL-11 concession in the SEAL-M-426 block in ultra-deep waters of the Sergipe-Alagoas Basin.

The results of the formation test confirmed the presence of light oil (37 API) and good productivity of the reservoirs.

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