🕐13.11.12 - 22:54 Uhr

PETROBRAS - PRESS RELEASE: FPSO CONTRACTING FOR IRACEMA NORTE AREA



 

Dear Mr/Mrs Ramin Farzanehfar,

 

  
 
 
Rio de Janeiro, November 13, 2012 - Petróleo Brasileiro S.A.

– Petrobras, as Operator of the BM-S-11 Consortium, announces that, along with its partners BG Group and Petrogal Brasil, and through its affiliate Tupi-BV, has signed a Letter of Intent with Schahin Petróleo e Gás S.A.

and Modec Inc.

for the charter of the FPSO that will be used in the production development project of the area known as Iracema Norte, in block BM-S-11, in the pre-salt of Santos Basin.

The project includes the interconnection of 16 wells to the FPSO – 8 production and 8 injection wells –, and production is expected to start in December 2015.
 
The FPSO will be installed 300 Km off Brazil’s coast, at a water depth of 2,234 meters.

The platform will have a processing capacity of 150,000 bpd of oil and 8 million m3/day of natural gas.

It will be operated by the companies responsible for the construction and chartered to the Consortium for a 20-year period.

The schedule of the project determines the delivery of the FPSO 35 months following the signature of the Letter of Intent.
 
The BM-S-11 Consortium is operated by Petrobras (65%), in partnership with BG E&P do Brasil Ltda.

(25%) and Petrogal Brasil S.A (10%).
 
 
 
Sincerely,

Investor Relations.
 

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