Repsol Sinopec has two-zone Campos basin find

By OGJ editors
HOUSTON, June 28
-- Repsol Sinopec, Statoil, and Petroleo Brasileiro SA (Petrobras) have made an ultradeepwater, light oil discovery in the Campos basin presalt area off Brazil.

The companies said they had informed Brazilian authorities of the existence of traces of hydrocarbons in one formation in March and a second level in April. They didn't disclose the extent or other details of the apparent discovery of good-quality oil in the 1-REPF-11A-RJS well, informally known as Gavea.

However, they called the discovery "the most significant made in the presalt area of the Campos basin."

The well went to 22,477 ft in 8,885 ft of water 190 km off Rio de Janeiro. The companies are analyzing results before continuing with exploratory and evaluation work in the area. The Stena Drillmax I drillship drilled Gavea.

Repsol Sinopec, with a 35% stake, is the operator. Statoil has 35% and Petrobras has 30%.

Repsol Sinopec is the largest foreign owner of exploration rights in the Santos, Campos, and Espirito Santo basins, operating 6 of the 16 blocks in which it participates.



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