On January 21, 2008, Petrobras announced the discovery of the Júpiter Field, a huge natural gas and condensate (very light oil) field which could equal the Tupi oil field in size (5-8 billion BOE). It is located in the Santos Basin, 37 km (23 mi) east of Tupi, 5,100 m (16,730 ft) below the bottom of the Atlantic Ocean in a water depth of 2,187 m (7,175 ft), 290 km (180 mi) from Rio de Janeiro.
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