Petrobras announces new oil discovery off Brazilian coast

13:48, June 29, 2011      

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Brazil's state-controlled oil and gas giant Petrobras announced an oil discovery Tuesday in the ultra-deep waters of the Campos Basin, off Brazil's southeastern coast.

The company said it is the main discovery made in the Campos Basin's pre-salt cluster.

The oil was found in the 1-REPF-11A-RJS well, also known as Gavea, located some 190 km off the coast of Rio de Janeiro state. It was discovered in two different levels of the well, and is reportedly of good quality.

The drill Stena Drillmax I reached a final depth of 6,851 meters, while the water depth in the area is 2,708 meters, the company said.

The well is explored by a consortium formed by Petrobras, Repsol Sinopec and Statoil. Repsol Sinopec owns a 35-percent stake of the oil and is the operator, while Norway's Statoil holds another 35 percent, and Petrobras has the remaining 30 percent.

Petrobras said that the consortium will analyze the data obtained from the drilling before resuming exploration of the area.

Repsol Sinopec is a leading private company in terms of exploration rights in the Santos, Campos and Espirito Santo basins, off Brazil's southeastern and southern coasts, where the country's pre-salt reserves are located. The company participates in 16 blocks within the area, and is the operator of six.

Source: Xinhua
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