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Repsol, Statoil in Brazil Oil Discovery

By Sarah de Sainte Croix, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Norwegian oil company Statoil, in conjunction with operator Repsol Sinopec and partner Petrobrás, confirmed on Monday that they had made a “high-impact” discovery in the Pão de Açúcar prospect off the coast of Brazil. The discovery is located some 195 km off the coast of Rio de Janeiro state, in the BM-C-33 block in the Campos Basin, at a depth of around . . .

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