Repsol makes Brazil discovery
04 July 2011
A consortium led by Spanish firm Repsol has made its most significant pre-salt discovery of the Campos Basin offshore Brazil. The 1-REPF-11A-RJS well, also known as Gavea, was drilled at a final depth of 22,477 feet in a water depth of 8,884 feet using the Stena DrillMAX drillship.
The consortium, which includes Norway’s Statoil and Brazil’s Petrobras, is currently analysing the results of the well before continuing with exploration and evaluation work in the area.
Repsol operates the find, holding a 35 per cent stake; Statoil holds 35 per cent; and Petrobras holds 30 per cent.Repsol Sinopec is the largest foreign owner of exploration rights in the Santos, Campos and Espírito Santo basins, participating in 16 blocks of which it operates 6.