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Image courtesy of Petrobras.

A Petrobras led consortium said Wednesday that its Poço Verde 49 well discovered a new light oil accumulation in the ultradeep waters of the Sergipe Basin in offshore Brazil.

The well, also known as well 3-SES-189, is located in concession BM-SEAL-4 about 14 miles from the discovering well in water depths of 8,133 feet.

Poço Verde 4 encountered reservoirs of light oil carriers with a total thickness of 278 feet.

Brazil’s Petrobras said the reservoirs have “good” porosity and permeability.

The company will proceed drilling the well to 17, 552 feet, as previously scheduled.

Poço Verde 4 is the third well at the Poço Verde area since the area’s first discovery in July 2012.

The area is part of the exploratory project in the ultradeep waters of the Sergipe-Alagoas Basin.

Petrobras holds a 75 percent operating stake operator in the consortium.

India’s ONGC holds the remaining 25 percent stake.

ONGC will perform a test at Poço Verde 4 to evaluate the results and to confirm reservoir conditions and production potential.

The consoritum’s discovery evaluation plan for the area will carry on as previously planned, Petrobras said.