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BG Group starts up sixth FPSO in Santos Basin
BG Group has 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 significant 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.
Anchored 240 km off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2,220 metres above the ocean floor. It is the second leased FPSO deployed on the Iracema development and will double gross production capacity to 300,000 b/d of oil and 16mn cm/d of natural gas from the area. The FPSO will also be able to store 1.6mn barrels of oil.
BG Group has a 25% interest in block BM-S-11. Petrobras holds a 65% stake and Petrogal Brasil 10%. BG Group also holds a 30% interest in block BM-S-9 (Petrobras, operator, 45%; Repsol Sinopec Brasil, 25%).
News Item details
Journal title: Petroleum Review
Keywords: Floating Production Systems Offshore
Countries: Brazil -
Organisation: BG Group plc|Petrobras
Subjects: Oil and gas extraction, Exploration and production
