Statoil and operator Repsol Sinopec in partnership with Petrobras have confirmed the significant potential of BM-C-33 pre-salt block in the Campos basin offshore Brazil. Including the Seat, Gávea and Pão de Açúcar discoveries, the estimated resources of the block amount to over 700 million barrels of light crude and 3 trillion cubic feet of gas.
Holding a 35% interest in the consortium with operator Repsol Sinopec Brazil with 35% interest and Petrobras with a 30% interest, Statoil has said that the upgraded volumes in Brazil have built confidence for the potential in their pre-salt Kwanza basin in Angola. The consortium is preparing an appraisal plan to present to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.
The Pão de Açúcar well discovery in 2800meters of water located 195kilometers off the State of Rio de Janeiro coast, was announced earlier in 2012, encountered a hydrocarbon column of about 500meters. The Pão de Açúcar well is a high impact well offering a total of over 250million barrels of oil equivalent or 100million barrels of oil equivalent net to Statoil.