Repsol Makes New Oil Discovery in Campos Basin

3 July 2011 (Last Updated July 3rd, 2011 18:30)

Repsol Sinopec has made a new oil discovery in the 1-REPF-11A-RJS (Gavea) well in the Campos Basin, offshore Brazil. The Repsol-operated well is located 190km off the coast of Rio de Janeiro. Gavea was drilled using the Stena Drillmax I drillship at a depth 2,708m, reaching a

Repsol Sinopec has made a new oil discovery in the 1-REPF-11A-RJS (Gavea) well in the Campos Basin, offshore Brazil.

The Repsol-operated well is located 190km off the coast of Rio de Janeiro.

Gavea was drilled using the Stena Drillmax I drillship at a depth 2,708m, reaching a water depth of 6,851m.

The exploration consortium is owned by Repsol Sinopec and Statoil, which each hold a 35% interest, and Petrobras which has a 30% stake.

The consortium is analysing the results of the well before continuing with exploration and evaluation work in the area.