New Wave Media

August 3, 2015

BG Group Starts up Sixth FPSO in the Santos Basin

FPSO Cidade de Itaguaí (Photo: BG Group)

FPSO Cidade de Itaguaí (Photo: BG Group)

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block. 
 
Anchored 240 kilometers off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2,220 meters above the ocean floor. This is the second leased FPSO deployed on the Iracema development and will double the gross production capacity to 300 thousand barrels of oil per day and 16 million cubic meters of natural gas per day from the area. The FPSO will also be able to store 1.6 million barrels of oil. 
 
BG Group has a 25 percent interest in Block BM-S-11 (Petróleo Brasileiro S.A., operator, 65 percent and Petrogal Brasil S.A., 10 percent). BG Group also has a 30 percent interest in Block BM-S-9 (Petróleo Brasileiro S.A., operator, 45 percent and Repsol Sinopec Brasil 25 percent). 
 
FPSO Cidade de Itaguaí information: 
Oil processing: 150,000 barrels/day 
Gas treatment and compression: 8 million m³/day 
Injection water treatment: 264,000 barrels/day 
Storage capacity: 1.6 million barrels of oil 
Water depth: 2,220 meters 
Total length: 333 meters 
Breadth: 58 meters