Petrobras to Up Golfinho Output in May with Capixaba FPSO in Place

Brazil's federal energy company Petrobras (NYSE: PBR) will start increasing production at its Golfinho light crude offshore field in May, when the Capixaba floating production, storage and offloading vessel (FPSO) is scheduled to start operations, the company said in a statement.

Capixaba will join the Seillean FPSO, currently producing 21,000 barrels a day (b/d) at the field.

Capixaba has capacity to produce 100,000b/d and 3.5 million cubic meters a day of natural gas.

Petrobras leased the FPSO from Monaco-based shipbuilders SBM, who hired Singapore shipbuilders Keppel to convert the ship into an FPSO. The Capixaba FPSO has just arrived from Singapore and will now under go tests before being towed to the field.

Golfinho, in the Espirito Santo basin at water depths of 1,340 meters, has estimated reserves of 450 million barrels of 28-40 degrees API crude. It was declared commercially feasible in January 2004.

In the second development stage, Petrobras will replace Seillean with the 100,000b/d Cidade de Vitoria FPSO.

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