Dutch supplier SBM Offshore has announced the start of production aboard the Cidade de Ilhabela floating platform off Brazil’s southeast coast.

The announcement comes four days after local environment regulator Ibama issued a permit for Brazil’s state-run oil major Petrobras to begin operating the floating production, storage and offloading (FPSO) unit.

“FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72-hour continuous production test,” SBM said in a statement on Monday.

Petrobras will connect eight production and seven injection wells to the platform, located in the Santos basin’s Sapinhoá Norte area.

The unit will be leased to Petrobras under a 20-year contract.

Sapinhoá Norte forms part of the pre-salt BM-S-9 block, which has estimated reserves of 2Bboe.

Petrobras holds a 45% operating stake in the block, alongside BG Group (30%) and RepsolSinopec (25%).


Source: www.bnamericas.com

Carlos Monteiro is a Brazilian citizen, graduated in Business Administration by the Catholic University of São Paulo. He lives in Odense, Denmark with his Danish Wife, Cathrine, and their half Danish /Brazilian daughter Ines Marie. You are very welcome to be in contact him at any time.
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