Repsol Sinopec Brasil is the operator of the well. Norway’s Statoil has a 35 percent stake and Brazil’s Petrobras owns 30 percent.
Repsol says the estimated resources in the block amount to more than 700 million barrels of light crude and 3 trillion cubic feet of gas, the latter being equivalent to 545 million barrels of oil.
Brazil’s offshore oil fields contain some of the world’s biggest finds in the last 30 years, with estimates of at least 50 billion barrels of oil.
Bank chief ousted in no-confidence vote
VATICAN CITY — The president of the Vatican bank was effectively ousted Thursday after receiving a unanimous vote of no-confidence from bank overseers for having leaked documents and failing to do his job at a critical time in the Holy See’s efforts to show transparency in its finances, the Vatican and officials said.
Ettore Gotti Tedeschi has been a polarizing figure in the Vatican ever since he was named president of the bank, known as the Institute for Religious Works, in 2009. He is being investigated on suspicion of money laundering by Italian magistrates, but the investigation isn’t believed to have factored into the decision since the Vatican considers the investigation to be motivated by outside political interests.
In a statement, the Holy See said the vote was taken because of Mr. Tedeschi’s failure to fulfill the “primary functions of his office.” He himself has told prosecutors that he barely paid attention to the bank’s works, showing up only two days a week while tending to his primary position as head of Spain’s Banco Santander’s Italian unit.
• From wire dispatches and staff reports