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Petrobras confirms the discovery of new oil reservein the pre-salt of the Campos Basin

Petrobras confirmed this week the discovery of an oil reservoir in the pre-salt layer of the Campos Basin. It is estimated that the block BM-C-33, located in the South of the basin, has recoverable volumes of 700 million barrels of good quality oil and 545 million barrels of oil equivalent of natural gas.

The discovery was made through Sugar Loaf well, located 195 km from the fluminense coast and 2,800 meters below water surface. Other wells drilled on the block, Seat and Gávea, had already revealed the potential of the area.

The Consortium, formed by the operator Repsol Sinopec Brasil(35%), by Statoil (35%) and Petrobras (30%), is preparing an evaluation plan for presentation to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

25 May 2012