Petrobras starts oil production from Lula Norte via P-67 FPSO
- Business & Finance
Brazilian oil company Petrobras has kicked off oil and gas production from its Lula Norte area in the Santos Basin.
Petrobras on Friday said that oil had started flowing into the P-67 FPSO, which is the ninth production unit installed in the BM-S-11 block.
The FPSO has the capacity to process up to 150,000 barrels of oil daily and compress up to 6 million cubic meters a day of natural gas. It is located approximately 260 km off the coast of Rio de Janeiro, at a water depth of 2,130 meters, and will produce oil from nine production wells.
Currently, Petrobras has said, the Lula field (Lula and Cernambi fields) is the country’s largest producer and is expected to reach 1 million barrels of oil produced daily in less than a decade since the beginning of its commercial production started in 2010.
In addition to the P-67, the other platforms operating in the block are: FPSO Cidade de Angra dos Reis (Piloto de Lula), FPSO Cidade de Paraty (Piloto de Lula Nordeste), FPSO Cidade de Mangaratiba (Iracema Sul), FPSO Cidade de Itaguaí (Iracema Norte), FPSO Cidade de Maricá (Lula Alto), FPSO Cidade de Saquarema (Lula Central), P-66 (Lula Sul) e P-69 (Lula Extremo Sul).
The Lula field is located in the BM-S-11 concession operated by Petrobras (65%), in partnership with Shell Brasil Petróleo Ltda. (25%) and Petrogal Brasil SA (10%).