As requested Jezza, follow the link to the Southern Cross Equities report:
http://www.karoongas.com.au/LinkClick.aspx?fileticket=MWAivBnZ%2b5g%3d&tabid=36&mid=387
Water depths for KAR's Santos blocks are reported as being 300m. This is similar to OEL/NDO's Galoc field (290-400m water depth) which utilises a simple FPSO setup - nothing complicated and nothing overtly expensive. Tupi on the other hand is at a depth of 2140m (plus another ~6km of cover) hence they have some issues and major expense.
Some further background to the area can be found at the following link and anywhere else you may choose to go:
http://www.energyfiles.com/americas/brazil.html
Hope this helps, but in future please dyor before posting inaccurate info. A simple request for info will usually result in someone coming up with the goods. Cheers
good news on drilling and brazil, page-12
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