Holding resources of at least 700 million barrels of light oil and 3 Tcf of gas, it is one of the largest finds in the world in 2012
Repsol confirms the significant potential of Brazils BM-C-33 presalt block
Press Release24/05/2012 07:00
The total estimated resources of the block amount to more than 700 million barrels of light crude and 3 Trillion cubic feet of gas (equivalent to 545 million barrels of oil).
These figures confirm the potential of the BM-C-33 block in the Campos Basin, including the Seat, Gávea and Pão de Açúcar wells.
Repsol Sinopec Brasil is the operator, holding 35% of the discovering consortium, partnered by Statoil (35%) and Petrobras (30%).
The partners are preparing an appraisal plan for submission to Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (Agencia Nacional de Petróleo, Gas e Biocombustíveis or ANP).
Pão de Açúcar was drilled in approximately 2,800 meters of water and encountered a hydrocarbon column of 500 meters. The well is located 195 kilometers from the coast of the State of Rio de Janeiro.
The proven exploratory success of Repsol Sinopec Brasil has led to the creation of a significant portfolio of projects that will help increase Repsol’s production in coming years.
The Brazilian offshore is one of the areas with the highest hydrocarbon reserves growth in the world.