Petrobras discovers new offshore oil find in Campos Basin

Jan 31, 2003 01:00 AM

Brazil's state oil giant Petrobras discovered a new offshore find with estimated reserves equivalent to 150 mm barrels of oil.
The new well was drilled 980 meters below the ocean surface in the Campos Basin, about 95 km off the coast of Rio de Janeiro and close to the proven East Marlim Field.

Production from the new well starts in 2006 with the capacity of about 140,000 bpd. The crude from the new field is heavy at 20 degrees on the scale of the API.

Source: Neftegaz.RU
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