Chevron Corporation confirmed today that its Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil.
“The startup of Papa-Terra is another important step toward meeting the growth target we’ve set for 2017,” said George Kirkland , Chevron’s vice chairman and executive vice president, Upstream.
“The successful development of Papa-Terra is the result of a robust partnership between Chevron and Petrobras that integrates the unique skills and expertise of both companies to deliver challenging projects and new energy production,” said Ali Moshiri , president of Chevron Africa and Latin America Exploration and Production Company.
Chevron holds a 37.5 percent interest in the Papa-Terra field, while Petrobras, the project operator, has the remaining 62.5 percent. Located approximately 70 miles (110 kilometers) southeast of Rio de Janeiro at a water depth of approximately 3,900 feet (1,190 meters), Papa-Terra is a heavy oil development within Block BC-20 of the southern Campos basin.
Discovered in 2003, the Papa-Terra field development features the FPSO and the first tension leg wellhead platform in Brazil, which is expected to start production in 2014. Papa-Terra has installed capacity to produce 140,000 barrels of crude per day.
[mappress] Press Release, November 12, 2013