Devon Energy Corp (DVN) announced a pre-salt oil discovery on block BM-C-32 in the Campos Basin, offshore Brazil. This initial exploratory well on the Itaipu prospect was drilled to a total depth of 16,240 feet and encountered approximately 240 feet of oil column, at least 90 feet of net oil pay and no oil/water contact. Devon operates the well with a 40-percent working interest.
Devon's partners in block BM-C-32 include Anadarko Petroleum Corporation with a 33.3-percent working interest. SK Energy Co., Ltd. holds the remaining 26.7-percent working interest.
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