The field was discovered on 7 August 2008 with an encounter of light oil which measured between 26 and 30° API.

The field is believed to hold approximately 3-4 billion barrels of light oil and natural gas.

[6] BG Group announced that the discovery was three times larger than initially expected.

Due to their formations, fields in Santos Basin are very difficult and costly to exploit.

The field lies at a water depth of 6,080 ft (1,850 m) in an area which covers 800 kilometres (500 mi) along Brazil's coast from Espírito Santo to Santa Catarina states.