Halliburton and Petrobras reach milestone in offshore Brazil project

Dec 22, 2004 01:00 AM

Halliburton's KBR subsidiary and Brazil's state-run oil company Petrobras have reached their first oil production from the Barracuda field in the Campos Basin offshore of Brazil.
Production from the well, at a water depth of 770 meters, is at a rate of 10,380 bpd. The well is linked to a floating production, storage and offloading vessel by a 3,668-meter subsea pipeline.

Another 33 wells will subsequently be linked to the Barracuda production platform.
"The achievement of first oil production from the Barracuda field is yet another significant milestone in this project," said Andy Lane, COO of Halliburton. "As a result of the Barracuda-Caratinga project and others coming to fruition, Brazil is expected to achieve oil self-sufficiency. We are proud to be part of this landmark project and are committed to working closely with Petrobras to provide the necessary technical support to rapidly build production levels and sustain high levels of reliable performance from these valuable assets."

The Caratinga FPSO vessel has left the shipyard at Rio de Janeiro and is undergoing sea trials and inspections before heading to the Caratinga field where it will join the Barracuda FPSO, Halliburton said.
The deepwater oil and gas fields of the Campos Basin are located 160 km east of Macae, northeast of Rio de Janeiro. Together, the Barracuda and Caratinga fields cover an area of 493 sq km in the Campos Basin, in 800 and 1,035 meters of water, respectively.

The fields will produce close to 300,000 bpd of oil, approximately 20 % of the current output from this offshore region.
Each vessel will also be able to store approximately 2 mm barrels of oil.

Source: American City Business Journals
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