P-74 receives license from IBAMA to start producing

 

April 19, 2018

Petrobras has received from Ibama an operating license authorizing the start of production of FPSO P-74, the first unit to produced with a definitive system in areas known as Transfer of Rights, in the Santos Basin pre-salt. The environmental license, signed by the president of IBAMA, Suely Araújo, is valid until April 2022.

The P-74 is the first definitive platform of the Transfer of Rights regime to receive installation license and should be the first to go into production in the area. The unit, which was integrated by the EBR Shipyard, will have the capacity to produce 150,000 barrels per day of oil and compress 6 million cubic meters a day of natural gas. The platform had a hull converted at the Inhaúma Shipyard, in a project coordinated by the Enseada Shipyard.

How big is the Búzios field?

The Búzios field was declared commercial by Petrobras in December 2013 and has 3.058 billion barrels of recoverable oil, similar to what was discovered by the consortium Petrobras, Shell, Total, CNPC and CNOOC in the field of Mero, the first sharing regime.

The E & P Brasil data base on the FPSO market shows that the current Petrobras Business Plan provides for the start of production of five production platforms in Buzios by 2021, three in 2018 only: P-74, P-75 and P-76. Next year, the FPSO P-77, the last of Petrobras’ own series, is due to come on stream.

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