Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development

Dutch oilfield services firm SBM Offshore announced Monday that its Cidade de Ilhabela FPSO (floating storage, production and offloading) facility is formally on hire after achieving first oil and completing a 72-hour continuous production test offshore Brazil. 

The FPSO will operate under a 20-year charter and operate with Petrobras on the Sapinhoá field development in the Brazilian pre-salt layer.

The Cidade de Ilhabela facility is owned and operated by a joint venture formed by SBM Offshore (62.25 percent) and its partners.

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