HOUSTON, US: Royal Dutch Shell plc and consortium partners have started deepwater production at FPSO P-66, located in Lula South, Brazilian pre-salt of the Santos Basin.
Positioned in 2,150-metre water depth, the P-66 can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas per day. The unit is the first in a series of standardised vessels operated by Petrobras to begin production within the BM-S-11 block consortium and the seventh to produce within the consortium overall.
Shell has a 25 percent stake in the consortium developing the Lula field in the BM-S-11 block. Petrobras operates the field with a 65 percent interest, and Galp Energia, through its subsidiary Petrogal Brasil, holds the remaining 10 percent interest.
The P-66 is the tenth deep-water FPSO in operation across Shell's working interest in the pre-salt areas of Santos Basin. Shell operates two additional FPSOs offshore Brazil.
"Achieving production at Lula South is an important accomplishment in the Santos Basin, and we recognise Petrobras' delivery of this critical milestone. Across Shell's deepwater business in Brazil, we're investing in projects with competitive break-even prices, and our presence as Brazil's second largest oil producer continues to grow," said Andy Brown, upstream director for Shell.
© Worldofchemicals News
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