BG announces first oil with FPSO vessel, 240kms off Rio de Janeiro coast

Aug 05, 2015 12:00 AM

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.

Anchored 240 kilometers off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2,220 meters above the ocean floor.

This is the second leased FPSO deployed on the Iracema development and will double the gross production capacity to 300 thousand barrels of oil per day and 16 million cubic meters of natural gas per day from the area. The FPSO will also be able to store 1.6 million barrels of oil.

BG Group has a 25% interest in Block BM-S-11, Petrobras, the operator, 65% and Petrogal Brasil S.A., 10%. BG Group also has a 30% interest in Block BM-S-9 with Petrobras, operator, 45% and Repsol Sinopec Brasil 25%.

The FPSO Cidade de Itaguaí has an oil processing capacity of 150.000 bpd and a gas treatment and compression of 8million m³/day, Storage capacity of 1.6 million barrels of oil. The vessel is 333 meters long and 58 meters breadth.

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