Gulf Oil and Gas accountACCOUNT

Brazil’s Giant Libra Field Comes On Stream

Source: www.gulfoilandgas.com 11/27/2017, Location: South America

Share |
Total announces first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The floating production, storage and offloading (FPSO) unit Pioneiro de Libra has a capacity of 50,000 barrels of oil. This start-up of the early production system will generate revenue while also enabling technical data to be collected to optimize the subsequent development phases.

“Total is pleased that production has begun on the giant Libra field, which is a multi-billion barrel resource,” said Arnaud Breuillac, President, Exploration & Production at Total. “Libra is a major asset in Total’s portfolio and fits into our strategy of investing in highly competitive projects with low break-even points. The start-up is a major step in the development of this field, and Total is bringing its deep offshore expertise to the project.”

Beyond this early production phase, the Libra development will further continue with the next investment decision for the Libra 1 FPSO with a capacity of 150,000 barrels per day. In the years ahead, other production units of similar capacity will be invested in so that the field can be developed to its full potential.

The Libra field is operated by Petrobras (40%) as part of the international consortium whose other partners are Total (20%), Shell (20%), CNOOC (10%) and CNPC (10%).

Production News in Brazil >>

Egypt >>  4/17/2018 - Eni subsidiary IEOC aims to increase gas production from Egypt’s Zohr field to 1.2 billion cubic feet per day (bcf/d) in May, and lift it to 2 bcf/d b...
Russia >>  4/6/2018 - Gazprom Neft has completed its 100th consignment of ARCO oil from its Prirazlomnaya ice-resistant stationary platform, located on the Russian Arctic S...

Argentina >>  4/4/2018 - The state-run energy firms of Chile and Argentina said they had inaugurated a $354 million project to increase production of natural gas off the south...
United States >>  4/4/2018 - Otto Energy Limited (OEL) (Otto) is pleased to provide the following update on the Company’s 50% owned South Marsh Island Block 71 (SM 71) oil project...

Iraq >>  4/3/2018 - ShaMaran Petroleum Corp. reports that recent production in the Atrush field in Kurdistan has been negatively impacted by the accumulation of solids in...
Russia >>  4/3/2018 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in Brazil >>

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.