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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 Release 24/05/2012 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.

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