Deepwater production has begun at the floating production, storage and offloading vessel FPSO P-66 offshore Brazil, a joint venture of Brazil’s state oil firm Petrobras and a subsidiary of Royal Dutch Shell.
FPSO P-66, located in the Lula South field of the resource-rich pre-salt of the Santos Basin 160 miles off the coast of Rio de Janeiro, is positioned in a 2,150-metre water depth.
It is capable of processing 150,000 barrels of oil and 6 million cubic metres of gas per day.
Petrobras is the operator and has a 65% stake in the venture, Shell’s subsidiary BG E&P Brasil has a 25% holding and the rest is held by a subsidiary of Portugal’s Galp, Petrogal Brasil.
