Repsol Sinopec Brasil and Petrobras, along with European partner Statoil, announced on Monday that they have struck oil in the ultra-deepwater Campos basin offshore Brazil.
According to Norwegian oil and gas multinational Statoil the find was made in the Gavea A1 well in the BM-C-33 block.
The appraisal well found a 175-metre hydrocarbon column 16 million standard cubic feet (MMscf) of gas and 4,000 barrels per day (BOPD).
In the three-way partnership Repsol Sinopec Brasil has a 35% stake, as does Stavanger-headquartered Statoil while troubled Brazilian state oil firm Petrobras has 30%.
Repsol Sinopec Brasil is a joint venture between Spain’s Repsol and China’s Sinopec.
The Norwegian government has a controlling interest in Statoil, which will take over operatorship of the well later in the year, conditional on approval from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), the federal agency responsible for regulating the oil sector.