Drilled by the Stena DrillMAX vessel, the well is some 195km off Rio de Janeiro state, in the BM-C-33 block of the Campos Basin.

Statoil said the Pão de Açúcar well struck a total pay of about 350m in two pre-salt accumulations, including a hydrocarbon column of 480m.

The well, located in water depths of 2,800m, flowed 5,000 barrels a day of light oil and 28.5 million cubic feet a day of gas in a choked drill stem test with very limited drawdown.

The project marks the third discovery made by the partneship in the block, following the earlier Seat and Gávea finds, and Statoil said that it confirms the area has much potential.

Repsol Sinopec holds a 35% stake as operator of the block, with partners Statoil and Petrobras holding 35% and 30%, respectively.