Lagosta Field

Lagosta Field is an oil and gas field located in the Santos Basin of southeastern Brazil. The field was discovered in July 2003 and was operated by El Paso Corp. oil company, holding a 60% stake with Petrobras owning the other 40%. Later, the field passed to Petrobras as operator. The field is estimated to contain 0.173 Tcuft of gas, and 35.16 MMoilbbl of oil in the Itajaí-Açu Formation. The field, located next to the Merluza Field, the first discovery in the Santos Basin in 1979, started development in 2009.