Oil and gas giant Petrobras has started production from a floating production, storage, and offloading (FPSO) vessel at its giant Mero oil field in the pre-salt area of the Santos Basin offshore Brazil. The third production unit at the field, out of a total of five, since two are yet to be installed.
The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.