BG announces first oil with FPSO vessel, 240kms off Rio de Janeiro coast

Wednesday, August 5th 2015 - 10:27 UTC

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Cidade de Itaguaí is a floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across BG's discoveries in Santos Basin

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.

Anchored 240 kilometers off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2,220 meters above the ocean floor.

This is the second leased FPSO deployed on the Iracema development and will double the gross production capacity to 300 thousand barrels of oil per day and 16 million cubic meters of natural gas per day from the area. The FPSO will also be able to store 1.6 million barrels of oil.

BG Group has a 25% interest in Block BM-S-11, Petrobras, the operator, 65% and Petrogal Brasil S.A., 10%. BG Group also has a 30% interest in Block BM-S-9 with Petrobras, operator, 45% and Repsol Sinopec Brasil 25%.

The FPSO Cidade de Itaguaí has an oil processing capacity of 150.000 bpd and a gas treatment and compression of 8million m³/day, Storage capacity of 1.6 million barrels of oil. The vessel is 333 meters long and 58 meters breadth.

Categories: Energy & Oil, Brazil.

Tags: BG Group Plc, Brazil, FPSO Cidade de Itaguaí, Lula field, Santos basin.

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Disclaimer & comment rules

ilsen
BG Group is a 'western' company with a global reach. It is subject to UK corporate governance and is listed on the London Stock exchange.
It is a British multinational.
Over to you Brasileiro!

Oh, just an aside. Unsurprisingly Argentina still owes BG Group $185 million from 2003, after breaking a contract first signed in 1990.
http://www.lexology.com/library/detail.aspx?g=d16e744c-691a-4015-b02e-73fbea93d785
Aug 05th, 2015 - 10:50 am 0
Skip
BG Group. Haha once part of British Gas and soon to be part of Royal Dutch Shell.
Aug 05th, 2015 - 11:37 am 0
ilsen
Petrobras could not function without 'western' help.
Proof in the article above.

Over to you Brasileiro!
Aug 05th, 2015 - 11:55 am 0

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