Gulf Oil and Gas accountACCOUNT

Libra Consortium Signs Letter of Intent for First FPSO

Source: www.gulfoilandgas.com 10/9/2014, Location: South America

Libra consortium has signed a letter of intent with Odebrecht / Teekay (GRB-Teekay), winner of a bidding process, to charter one FPSO unit (which produces, stores and offloads oil) designed for the long-term campaign of Libra, in the pre-salt Santos Basin tests.

Delivery of FPSO and the beginning of the first long-term test is scheduled for the fourth quarter of 2016. The forecast is that tests are performed in several areas of the block, with the objective of evaluating the behavior of production and acquire information about the area. From this information, will be projected future definitive production systems for Libra.

For each of these tests, two wells will be connected to the FPSO: a producer of oil and one gas injector. These long-term tests will be the first in the global oil industry to adopt a system with reinjection of gas. The platform will have the capacity to process up to 50,000 barrels of oil per day and a gas injection capacity of 4 million m3 / day. Most of the volume of gas produced will be reinjected into the reservoir to maintain pressure and a small portion is consumed during operation. The FPSO will be operated by the company to be formed by Teekay and Odebrecht.

Two wells being drilled intensively following the work to begin production in Libra, one of the greatest discoveries ever made in Brazil. Addition to signing the letter of intent for the charter of the FPSO, the consortium has started drilling two wells in the block. located in the Santos Basin, 183 kilometers from the Rio de Janeiro coast, Libra has 1,500 square miles, a little more than the length of the entire city of Rio de Janeiro. According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), recoverable reserves of oil and gas in the area are estimated between 8 and 12 billion barrels of oil equivalent (boe).

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects

FPSO Vessels and Equipment News in Brazil >>

Mexico >>  7/18/2019 - Solstad Offshore ASA (SOFF) and Subtec S.A has agreed to extend the contract for the CSV "Far Sentinel" with 2,5 years. The vessel operates in Mexico....
Nigeria >>  7/16/2019 - Keppel Offshore & Marine Ltd has through its wholly-owned subsidiaries, Keppel FELS Limited (Keppel FELS) and Keppel Shipyard Ltd (Keppel Shipyard), s...

Norway >>  7/15/2019 - Golden Energy Offshore Services AS (GEOS-ME) is pleased to inform that a contract extension has been secured for Energy Swan and Energy Scout. ...
United Kingdom >>  7/11/2019 - Fugro has successfully provided remote positioning services onboard a floating production storage and offloading (FPSO) vessel for Bluewater during a ...

United Kingdom >>  7/9/2019 - The technology group Wartsila has achieved a new technology benchmark with the introduction of the marine sector’s first hybrid installation for a bul...
United Kingdom >>  7/8/2019 - GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen for a period of about 5 mo...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

Oil & Gas Projects in Brazil >>

More News

Related Links

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