Petrobras starts production at Lula Nordeste area in Santos Basin pre-salt

Petróleo Brasileiro S.A. – Petrobras announces that FPSO Cidade de Paraty went on stream this Thursday (06/06), initiating commercial production at Lula Nordeste area in Santos Basin pre-salt. The new platform is part of the set of production projects scheduled for this year in the Business and Management Plan (2013-17 BMP).
Cidade de Paraty is a FPSO platform (Floating, Production, Storage and Offloading). It is anchored at a water depth of 2,120 meters, some 300 km off the coast and has the capacity to process up to 120,000 barrels of oil and 5 million m3 of gas per day. Well 7-LL-11-RJS, the first one to be interconnected to the platform, has the potential to produce 25,000 barrels per day. Its production in the first month of operation, however, will be restricted to 13,000 barrels of oil per day, being progressively increased as the natural gas processing and reinjection systems are commissioned. The produced oil in Lula Nordeste area is of intermediate density (29º API) and high quality and will be transported through tankers.
Produced gas will be sent to the Monteiro Lobato Gas Treatment Unit (UTGCA), located in Caraguatatuba, on the coast of São Paulo state, through the Lula-Mexilhão gas pipeline. Another 13 wells (seven production and six injection) will be interconnected to the platform in the upcoming months. A peak production of 120,000 barrels of oil per day is expected for the second half of 2014.
Lula field has an estimated total recoverable volume of 8.3 billion barrels of oil equivalent (oil plus gas) and started producing in 2010, with FPSO Cidade de Angra dos Reis, four and a half years after its discovery, in 2006. Lula Nordeste module is the second among the 10 definitive modules for development of Lula field (including Iracema area) contemplated in the 2013-17 BMP.
Block BM-S-11 is operated by Petrobras (65%) in partnership with BG E&P Brasil Ltda (25%) and Petrogal Brasil S.A. (10%).
Source: Petróleo Brasileiro S.A.
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