BG Group Discovers Oil Field In Santos Basin

BG Group said Wednesday that it has discovered an oil field in the Santos Basin, offshore Brazil.
The discovery, known as Tupi, lies in Block BM-S-11, where BG Group holds a 25% interest in the discovery along with operator Petrobras (65%) and Petrogal (10%).
The company said the Tupi well flowed 4900 barrels per day of sweet 30 API crude oil and 4.3mmscf per day of gas from a deep pre-salt reservoir on a 5/8th inch choke.