New, deepwater manufacturing is underway at this time at Lula Extreme South within the Brazilian Santos basin. Royal Dutch Shell plc, by means of its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium companions, pronounces that the FPSO P-69 is now producing.

Operated by Petrobras, P-69 is a standardized vessel that may course of as much as 150,000 bbl of oil and 6 MMcm of pure gasoline every day. It will ramp up manufacturing by means of eight producing and 7 injection wells.@medicalInsuranceWidget@

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“The Brazilian pre-salt fields are a number of the greatest deepwater provinces on this planet,” mentioned Andy Brown, upstream director for Shell. “With vital flowrates, deepwater Brazil tasks are breaking even underneath $40/bbl. We commend Petrobras on this manufacturing milestone, and we look ahead to progressing extra growth plans with our consortium companions in addition to for our recently-acquired, deepwater Brazil blocks.”

Following Lula Extreme South, the following FPSO is P-67 for Lula North. The Libra product sharing settlement continues to progress with an prolonged nicely check in addition to the Mero 1 FPSO, and extra FPSOs are deliberate. Shell additionally has growth drilling deliberate for its operated, Gato do Mato South subject in 2019.

Shell has a 25% stake within the Lula consortium, operated by Petrobras (65%). Galp, by means of its subsidiary Petrogal Brasil, holds the remaining 10% curiosity.


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