Petrobras FPSO in Lula field starts production

Petrobras FPSO in Lula field starts production

Petrobras had some good news, announcing the start of new production operations from an FPSO in the offshore Lula field in the pre-salt layer of the Santos Basin, according to Reuters.

Brazil’s scandal-plagued, heavily indebted state oil firm said it has connected the FPSO (floating, production, storage, offloading unit) Cidade de Saquarema which is producing 30,000 barrels a day.

The Cidade de Saquarema is owned by SBM Offshore and is on 20-year lease to Petrobras.

Petrobras holds a 65 per cent interest in the Lula oil field in partnership with BG E&P Brasil (25%) and Petrogal Brasil (10%).

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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