Offshore Activity

BREAKING: Giant Libra oil field in Brazil starts production

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French oil company Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The Libra project is operated by Brazil’s Petrobras.

First oil is flowing into the Pioneiro de Libra FPSO, chartered by Petrobras from Teekay and Odeberecht consortium. The vessel, built in Singapore, arrived in Brazil in May this year.

The floating production, storage and offloading has a capacity of 50,000 barrels of oil. It serves as the early production system which will generate revenue, and enabling technical data to be collected to optimize the subsequent development phases that will include a larger FPSO.

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