Petrobras strikes oil deposits in a new discovery in the 'Rights Transfer Area' some 200 km off the coastal city of Rio de Janeiro. Petrobras has discovered good quality oil in the fourth well drilled in the Rights Transfer area in the Santos Basin pre-salt cluster. The well, 3-BRSA-1053-RJS (3-RJS-699), known as Franco SW, is located at a water depth of 2,024 m, some 210 km off the coast of the city of Rio de Janeiro and 17 km south of discovery well 2-ANP-1-RJS (Franco). The discovery was confirmed by good quality cable test oil samples (28º API). They were collected in carbonate rock reservoirs, with rock thicknesses similar to those found in the discovery well. The discovery also confirms the extension of the oil reservoirs in the southern Franco area.