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Part of the asset sale disposal program outlined in the 2012-2016 Strategic Plan

Repsol receives approval from Ecuador for a partial asset sale to Sinopec

Press Release 01/08/2012 07:00
  • The well known as Pão de Açúcar, drilled into a hydrocarbons column of 500 metres, one of the thickest discovered in Brazil to date.
  • Pão de Açúcar is the third discovery to be made in block BM-C-33, which includes the Seat and Gávea, the latter being listed as one of the world’s 10 largest discoveries in 2011.
  • The three wells attest the significant potential of the Campos Basin, which could be confirmed as a large hydrocarbons nucleus similar to that existing in the Santos Basin.
  • The Brazilian offshore is one of the world’s biggest growth areas in hydrocarbons reserves.
  • Repsol Sinopec Brasil is the operator, holding 35% of the discovering consortium, and is partnered by Statoil (35%) and Petrobras (30%).
01 August 2012 - 09:00 CEST | PDF | 19.54 KB