Repsol has encountered oil in the deepest well drilled to date offshore Brazil, according to the Brazilian government's petroleum regulator ANP. The agency said the discovery well - l 1REPF12DRJS - was drilled to a total depth of 7,132m (23,400ft) in waters 2,789m deep, on Campos Basin block C-M-539. It said that the well has not yet been declared commercially viable and will require further work and analysis. Repsol said only that traces of oil were encountered.
GAZPROM is working with a former builder of Russian nuclear submarines to develop a subsea drilling system capable of drilling beneath the pack ice of Russia's Arctic.
