Brazil's Petrobras Starts Production from Roncador Field Platform


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 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Lead Operator Job
Expertise: Production Operator
Location: Dunn Center, ND
Measurement Technician A
Expertise: MWD / LWD|Production Technologist
Location: Houma, LA
Water Draw Technician
Expertise: Production Operator
Location: Houma, LA
search for more jobs

Brent Crude Oil : $52.72/BBL 3.31%
Light Crude Oil : $48.51/BBL 3.01%
Natural Gas : $2.89/MMBtu 1.36%
Updated in last 24 hours