Economy / Brazil
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RepsolYPF Plans US$2bn Investment In Carioca
July 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Spanish integrated oil and gas producer Repsol YPF has announced plans to spend between US$1.5 and US$2bn on developing the potentially vast crude oil reserves discovered at Brazil's deepwater Carioca oil field on Block BM-S-9 in the Santos Basin. This will represent a 300% increase on the original planned investment.