Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.
Petrobras agreed to sell 1 million barrels of oil from the offshore Lula (former Tupí) field in the so-called pre-salt area to Chile’s Empresa Nacional de Petroleo, or Enap, the Rio de Janeiro-based producer said today in an e-mailed statement.
Petrobras aims to double production by 2020 as it develops Lula and other deepwater oil discoveries lying two miles below the ocean surface and another two to four miles beneath the seabed. The field, with recoverable reserves of 6.5 billion barrels, trails the Brazilian government’ nearby Libra field that may hold as much as 15 billion barrels.
By the end of the year, mid 2012, Petrobras plans to be pumping 100.000 barrels of oil per day and by 2013, five million cubic metres of natural gas.
The pre-salt deposits run along the Rio do Janerio and Sao Paulo coastline and could turn Brazil into one of the world’s leading crude exporters.
The Lula field is managed by a consortium headed by Petrobras (65%), British Gas (25%) and Portugal’s Galp Energy (10%). The field begun to be exploited commercially last October with the anchoring of a rig vessel “Ciudad de Angra dos Reis” which extracts oil from wells drilled at water depths of 2.150 metres.