BG Group’s FPSO first oil offshore Brazil

Brazil

RIO DE JANEIRO, August 3, 2015 – BG Group announced on Monday its first oil from the Cidade de Itaguai, a floating, production, storage and offloading vessel. The Cidade de Itaguai is the oil major’s sixth unit to go into production the Santos Basin located offshore Brazil.

The Cidade de Itaguai is stationed 24 kilometres off the coast of Rio de Janeiro and 2,220 metres above the ocean floor in the Petrobras-operated BM-S-11 block. The vessel is the second of its kind located in the Iracema development of the Lula field. The Cidade de Itaguai will double the area’s production capacity to 300,000 barrels of oil and 16 mcm of natural gas per day. The vessel will also have a storage capacity of 1.6 million barrels of oil.

BG Group holds a 25-percent interest in the BM-S-11 block with Brazilian multinational energy corporation Petrobras as the operator owning 65 percent and Galp Energia’s subsidiary Petrogal Brazil owning the rest.

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