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Petrobras uses FPSO in pre-salt exploration

08th November 2012

Petrobras launches FPSO Cidade de Anchieta at Baleia Azul pre-salt field, offshore Campos

Petrobras uses FPSO in pre-salt exploration offshore Campos
The FPSO Cidade de Anchieta is expected to reach a production yield of 100,000 barrels per day of oil and 3.5 million cubic meters of gas by March 2013

Brazilian oil giant Petrobras on Tuesday launched oil production at the Baleia Azul pre-salt field in the offshore Campos Basin, state of Espírito Santo, using its floating, production, storage and offloading (FPSO) unit Cidade de Anchieta, as part of plans to boost pre-salt yields and global oil output in the coming decade.

“The launch of this new production unit… reinforces the importance of the oil and gas industry in the state, which is Brazil’s second largest producer,” said Petrobras boss Maria das Graças Silva Foster. Foster also spoke of Petrobras’ USD 17bn investments in the state, USD 13.3bn of which to go into exploration and production projects.

The FPSO Cidade de Anchieta is expected to reach a production yield of 100,000 darrels per day of oil and 3.5 million cubic meters of gas by March 2013.

The world’s sixth largest economy and Latin America’s economic powerhouse, Brazil aims to boost its oil production from its current two million barrels a day to nearly five million by 2020. Its vast pre-salt reserves could turn the country into one of the world’s top oil exporters, as they hold an estimated 100 billion barrels of high-quality recoverable crude. Pre-salt output currently accounts for 10 per cent of oil production.