PETROBRÁS ENTERED APPLICATION FOR AN INSTALLATION LICENSE FOR THE BÚZIOS 5 PLATFORM

FEB 27, 2020

Petrobrás announced this week that it has applied to the Brazilian Institute of the Environment (Ibama) to receive the Installation License for the Búzios 5 platform, which will be implemented in the Santos Basin pre-salt.

Currently, according to Petrobrás’ annual balance sheet, the FPSO has reached 10% of physical progress completed. The vessel is being built by Japan’s Modec, which will operate the asset during a 21-year contract. The platform will be named FPSO Almirante Barroso, in honor of the commander who led the victorious Brazilian naval force in the Naval Battle of Riachuelo, on the Paraná River, in 1865.

This will be the fifth FPSO implemented in the Búzios field, being the first production unit chartered by Petrobrás for the active region. The platform vessel will be able to process 150,000 barrels of oil per day and 212 million standard cubic feet of gas per day. The first oil production by the FPSO is planned for 2022.

Source: PetroNoticias

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