The discovery consortium, made up of Petrobrás (the operator) with 45%, BG Group with 30% and Repsol with 25%, confirms signs of hydrocarbons in the Iguazú exploratory well.
The Iguazú well is located in the same evaluation area as the Carioca field and is next to the Guará field.
First tests indicate high quality light crude.
The drilling of a new well will begin shortly in this area.
After successive discoveries, exploration in Brazilian waters is confirmed as one of Repsol’s growth vectors.