The discoveries were made 115 kilometers from the coast in the BM-ES-23 concession, in block ES-M-525 and at a water depth of 1,900 meters. No estimate of the size of the find was given.
Petrobras, Brazil’s state-owned oil and gas company, is the operator and majority stakeholder in the concession, with a 65 percent share. Shell Brasil Petroleo Ltda has a 20 percent stake and the remaining 15 percent belongs to Inpex Petroleo Santos Ltda. (Reporting by Peter Murphy; Editing by Steve Orlofsky)
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