Repsol Sinopec is leaving BM-ES-21

Repsol Sinopec is leaving BM-ES-21, an exploration project in partnership with Petrobras in Espírito Santo. The companies have already notified Cade of the free assignment of rights in the contract. Petrobras will assume the 11.11% of Repsol Sinopec, and will now have 100% of the contract.

Between 2009 and 2014, five wells were drilled in BM-ES-21 (block ES-M-414), confirming a discovery of natural gas in a water depth of 960 meters and about 135 km from the coast.

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