Exploration discoveries ///
Americas. Petrobras has made a light oil and gas discovery with its 6-BRSA-661-SPS (6-SPS-53) “Piracuca” well on Block BM-S-7 in Santos Basin, offshore Brazil. The company estimates in-place reserves of 550 million boe. The well is in the same block as Merluza Field and was drilled in 700 ft of water about 150 mi south of Sao Paolo. Petrobras operates with 63% interest, with Repsol holding the remainder.
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