AUGUST 8, 2013—Brazil’s Petrobras has confirmed  an oil discovery in a well 303 km offshore of the state of São Paulo in water depths of 2,158 meters.

The deepwater discovery was at Iguaçu Mirim well, 3-SPS-101 (3-BRSA-1179-SPS), in the Carioca Discovery Evaluation Plan area, block BM-S-9, is in the Santos Basin pre-salt.

This new discovery at Iguaçu Mirim was confirmed through oil samples of approximately 20° API, taken via cable test from pre-salt carbonate reservoirs starting at a depth of 4,850 meters.

The consortium of BM-S-9 is operated by Petrobras (45%) in partnership with BG E&P Brasil (30%) and Repsol Sinopec Brasil (25%). The deadline for the Declaration of Commerciality is December 31, 2013.