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Brazil's Petrobras Starts Production from Roncador Field Platform

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Reuters

SAO PAULO, Jan 1 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA has started production from its P-55 platform in the offshore Roncador field, the company said in a statement on Wednesday.

The platform started operating on Tuesday and will be linked to 11 oil-producing wells in the field in the Campos Basin. P-55 is expected to process 180,000 barrels of oil and compress 6 million cubic meters of natural gas per day.

Brazil's oil regulator, ANP, last year asked Petrobras to increase production in Roncador, one of Brazil's older fields where output had been declining. Petrobras is responsible for 90 percent of Brazil's oil needs.

Bringing the platform online was a priority in the company's $237 billion five-year investment plan, the world's largest corporate spending program.

Petrobras said the 52,000-tonne P-55 is the largest semi-submersible platform built in Brazil.

(Reporting by Caroline Stauffer; editing by Matthew Lewis)

Copyright 2014 Thomson Reuters. Click for Restrictions.

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