FPSO Cidade de Saquarema Commences Ops at Brazil's Offshore Lula Field

SBM Offshore reported Tuesday that FPSO Cidade de Saquarema formally commenced a contract July 8 after achieving first oil and the completion of a 72-hour continuous production test in the pre-salt province in BM-S-11 block offshore Brazil leading to Final Acceptance of the floating production facility.

The floating production, storage and offloading (FPSO) vessel, installed in the Lula field, will operate under a 20-year charter with Tupi BV as well as an operations contract with the BM-S-11 consortium.

Partners in the BM-S-11 block comprised Petrobras (65 percent), Shell's subsidiary BG E&P Brasil Ltda (25 percent) and Petrogal Brasil S.A. (10 percent).

The FPSO is owned and operated by a joint venture owned by affiliated units of SBM Offshore, Mitsubishi Corp., Nippon Yusen Kabushiki Kaisha, and Queiroz Galvao Oleo e Gas S.A. in which SBM Offshore holds a 56 percent stake.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Undiscovered Oil, Gas Resources in Bar... (Apr 25)
 -  Petrofac Secures $70MM Services Contra... (Apr 25)
 -  CEO: Another Year of Activity Decline ... (Apr 25)
 -  Petronas Awards 'Key' Offshore Contrac... (Apr 24)
 -  Genel Energy Appoints New Chairman (Apr 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Reservoir Engineer Job
Expertise: Petroleum Engineering|Reservoir Engineering
Location: Houston, TX
 
SERVICE SUPERVISOR (SECURE DRILLING SERVICES)
Expertise: Field Development
Location: Casper, WY
 
WIRELINE FIELD ENGINEER
Expertise: Field Development
Location: Liberal, KS
 
search for more jobs

Brent Crude Oil : $51.82/BBL 0.53%
Light Crude Oil : $49.62/BBL 0.12%
Natural Gas : $3.14/MMBtu 3.28%
Updated in last 24 hours