Lula consortium starts up FPSO in Brazil

Brazil

RIO DE JANEIRO, February 4, 2019 – Brazilian NOC Petrobras and its partners have begun producing from a ninth FPSO installed at the pre-salt Lula field, located off the coast of Rio de Janeiro in the Santos Basin, international media reported on Friday.

The P-67 FPSO has a daily production capacity of 150,000 barrels of oil and 6 mcm (212 mcf) of gas, and will be tied to nine production wells and six water injection wells in the north of the field.

“The Lula field, which includes the Lula and Cernambi reservoirs, is the country’s biggest producer and should reach the mark of 1 million barrels of daily production in 2019, less than a decade after commercial production started in October 2010,” the NOC said in a statement cited by S&P Global Platts.

Petrobras operates the field with a 65% stake, while partners Shell and Petrogal hold 25% and 10%, respectively.