The discovery was made in the Pao de Acucar prospect, about 195 kilometers offshore Rio de Janeiro state at a water depth of 2,800 meters.
The company didn’t provide an estimated volume for its new discovery.
Repsol Sinopec is the operator of the exploration consortium at the prospect, with a 35% stake. Norwegian oil company Statoil ASA (STO) also holds 35%, while Petrobras holds 30%. Repsol Sinopec is an alliance between Spain’s Repsol YPF SA (REP.MC) and China’s Sinopec.
“The consortium will conduct additional analyses in the area using data obtained from this well to confirm the extension and volume of the discovery. The Pao de Acucar well confirms the huge potential of block BM-C-33, where the prospects of Seat and Gavea were discovered,” Petrobras said.
Source: The Wall Street Journal