Petrobras to Tender Three New Platforms This Year

Brazil's federal energy company Petrobras (NYSE: PBR) plans to tender by year-end two floating production, storage and offloading vessels (FPSO) and one fixed platform to produce oil in the Campos and Santos basins, a Petrobras spokesperson told BNamericas, confirming local press reports.

Petrobras plans to contract the construction of the P-55 FPSO that will be the third production platform at the Roncador field and the P-57 FPSO for the second development phase of the Jubarte field, both in the Campos basin, the spokesperson said.

The company also plans to contract this year a fixed platform with capacity to produce 15 million cubic meters a day of gas at the Mexilhão field in the Santos basin. While the Mexilhão unit is expected to start operations in mid-2008, the P-55 and P-57 FPSOs will come online after 2008, the spokesperson added.

Meanwhile, the company's drive to increase production and become self sufficient in oil continues as Petrobras continues to contract more production units destined mainly for the Campos basin but also for the Santos and Espírito Santo basin. Self-sufficiency could come as early as the first half of 2006 as the company's production, which accounts for practically all Brazilian oil output, is expected to reach 1.79 million barrels of oil a day (Mb/d) by December 2005.

By 2010 the company aims to be producing 2.3Mb/d, over the projected consumption of 2.23Mb/d. Four new oil production platforms and one gas unit are scheduled to come online by the end of this year and the recently commissioned P-43 and P-48 platforms should also reach full capacity.

The new oil platforms and their scheduled start-up months are: P-47 at the Marlim Sul field in July (Campos basin, 150,000b/d); the Piloto platform at the Golfinho field in August (Espírito Santo basin, 23,000b/d); P-50 FPSO at the Albarcoa Leste field in September (Campos basin, 180,000b/d); and P-34 FPSO at the Jubarte field in December (Campos basin, 60,000b/d). In addition, the 3.6 million cubic meters a day gas production unit for the Peroá-Cangoá fields in the Espírito Santo basin will start up in July. Petrobras is also expected to announce the winners of a tender for two 100,000b/d FPSOs by end-June, local press reported. The Golfinho I FPSO will produce oil at the Golfinho field and the other, RJS-409 FPSO, at the Espadarte field in the Campos basin.


The company plans to bring online another 14 units through 2008 including eight in Campos, three in Espírito Santo, one in Santos, one in the northeastern Camamu-Almada basin's Manatí field and one in the Sergipe Alagoas basin's Piranema field, the spokesperson said. After 2008 Petrobras is planning to start up another 11 platforms including nine in Campos, one in Santos and one in Espírito Santo, the spokesperson said.

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