Coplex, Petrobas to develop fields off Brazil

Where Coplex, Petrobras will develop oil, gas off Brazil [135,778 bytes] Coplex Resources NL, Hobart, Tasmania, and Brazilian state oil company Petroleo Brasileiro SA have agreed to form a joint venture to develop existing oil and gas fields in the Santos basin off Brazil. The agreement also provides for further exploration on the Santos basin block. Block BS-3, 170 km off Santa Catarina state in 500 ft of water (see map), is one of the few in Brazil on offer for foreign participation that contains existing proven oil and gas fields in relatively shallow water, says Coplex, the project operator. Block BS-3's fields There are three oil fields on B...

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