Repsol-YPF finds signs of oil and gas at Vampira well offshore Brazil
Spanish oil company Repsol-YPF said it found new signs of oil and gas at Vampira, a well located in the Santos basin
off Brazil's Sao Paulo state, confirming information provided by Brazil's ANP energy regulatory agency.
The discovery was made in block BM-S-789, which is operated by Repsol-YPF.
The Spanish oil company holds a 40 % stake in the block, while Brazilian oil giant Petrobras has a 35 % stake,
Australia's Woodside holds a 12.5 % stake and Brazil's Vale has a 12.5 % interest.
Vampira is located just under 200 km (124 miles) off the coast of Sao Paulo state in waters some 140 meters (459
feet) deep.
A preliminary analysis of two samples taken from a depth of between 4,835 meters and 4,840 meters (15,852 feet and
15,868 feet) confirmed the presence of light petroleum and gas. Further work, however, will need to be done to obtain
final estimates of the quality and quantity of hydrocarbons present in the well.
Operations started last September at the Panoramix well and will continue this year and in 2010 with the drilling of
two or three more wells.
The development of the Santos basin, located in deep waters off Brazil, is one of the 10 key projects included in
Repsol-YPF's 2008-2012 strategic plan.
Repsol-YPF is the second-largest offshore operator in Brazil, trailing only state-controlled Petrobras. The Spanish
oil company has stakes in 24 blocks, managing exploration operations in 11 of them. A total of 19 of the blocks are
in the Santos basin.
