Tuesday, September 24, 2019

Petrogal Brasil Sa News

FPSO P-67 Starts Production at Lula

(Photo: Petrobras)

Petrobras announced Friday it has started producing oil and natural gas through the P-67 floating, production, storage and offloading unit (FPSO), in the deepwater Lula Norte area, in the pre-salt of Santos Basin offshore Brazil.The FPSO is located approximately 260 kilometers off Rio de Janeirot, at a water depth of 2,130 meters.

Petrobras Completes Sale of BM-S-8 Exploration Block

Exploratory block BM-S-8, Photo Petrobras

Today, Petrobras announced that the company has completed the sale of its stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, as announced on July 29, 2016. The deal was completed with a payment of USD 1.25 billion, which represents 50% of the total sale amount, from Statoil, after complying with all previous conditions provided for in the agreement…

FPSO Cidade de Maricá Producing and on Hire

FPSO Cidade de Maricá (File photo: SBM Offshore)

SBM Offshore announced that FPSO Cidade de Maricá is formally on hire as of February 7, 2016 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. The vessel is installed in the Lula field (BM-S-11 contract) in the pre-salt province offshore Brazil.

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history. Project financing was secured by a consortium of 16 international banks with insurance cover from four Export Credit Agencies (ECA): Atradius Dutch State Business N.V.

BG Group Starts up Sixth FPSO in the Santos Basin

FPSO Cidade de Itaguaí (Photo: BG Group)

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.

Production Begins at Santos Basin Pre-salt Iracema Sul

Petrobras announced that platform Cidade de Mangaratiba went into operation today at the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6, 2014.

Petrobras Jupiter Well Confirms Subsalt Discovery

Petróleo Brasileiro SA , Brazil's state-controlled oil producer, said a fourth well drilled in the offshore Jupiter area showed the existence of a subsalt oil discovery. In a securities filing on Wednesday, Petrobras, as the firm is commonly known, said the well is located 296 kilometers (185 miles) off the coast of Rio de Janeiro, beneath 2,183 meters of water.

Petrobras’ Platform Cidade de Mangaratiba Starts Operation

Petrobras’ platform Cidade de Mangaratiba went into operation today (14/10) in the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6th, 2014.