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Sapinhoa holds 2.1 billion barrels of oil equivalent
Repsol begins production from one of Brazil’s largest oil fields
Press Release
08/01/2013 17:00
- The Guara-1 well, with a daily production potential of more than 25,000 barrels of high quality oil, is the first well of the Sapinhoa field to be connected to the Cidade de São Paulo platform.
- In the next 18 months the platform will reach its daily production peak of 120,000 barrels, followed by the next development phase that will be completed with the installation of a second platform.
- Sapinhoa is one of Brazil’s largest oil fields, with estimated reserves of 2.1 billion barrels of high quality oil.
- Repsol is on schedule to complete an ambitious plan to increase its oil and gas production to reach an expected 500,000 barrels of oil equivalent in 2016.