FPSO vessel starts production in Barracuda field

Dec 22, 2004 01:00 AM

The P-43 floating, production, storage and offloading (FPSO) vessel in the deepwater Barracuda field of Brazil's Campos basin started production, federal energy company Petrobras and US engineering firm Halliburton said in separate statements.
The 150,000 bpd FPSO will eventually be linked to 18 production and 14 injection wells. The well that started production was the BR-23, at a rate of 10,380 bpd. The next well to be linked to the FPSO is the BR-51, for which expected production is 11,950 bpd.

The P-43 is part of the $ 2.5 bn Barracuda-Caratinga project for which Halliburton's subsidiary KBR was hired to build in 2001. Technical and contract problems delayed delivery beyond the original November 2003 target date.
The other part of the project is the P-48 FPSO, which left the BrasFels shipyard in Rio de Janeiro state on December 13 and is continuing sea trials and final inspection. It will moor in the Caratinga field, adjacent to Barracuda, and is expected to start production in mid January.

The total 300,000 bpd output capacity is considered essential to help Brazil reach oil self-sufficiency, and the delay in the project will lead to Petrobras's first annual output decline in 10 years.

Source: Business News Americas
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