09 September 2009 - 00:00 CEST | PDF | 78.07 KB
Equivalent to between two and four years of Spain’s oil and gas demand
Repsol estimates Brazils Guara field has reserves of between 1.1 billion and 2 billion barrels of oil and gas
Press Release
09/09/2009 16:00
- Repsol has a 25% stake in the consortium that discovered the Guara field, located offshore Sao Paulo.
- Initial tests by operator Petrobras estimate recoverable volumes of between 1.1 and 2 billion barrels of light crude and natural gas.
- Given the field’s potential, the consortium will install in 120,000 boe/d platform in Guara that will be the second operating field in the Santos Basin.
- A new well will be drilled to evaluate the area more precisely.
- In 2009 Repsol has made three discoveries in the Santos Basin, confirming the area as one of the company’s main growth vectors.
- Repsol is the international oil company with most exploration rights in the Santos, Campos and Espiritu Santo basins, with 21 exploration blocks, of which 11 are Repsol-operated.