Petrobras to Restart Jubarte Production Wednesday

Brazilian energy giant Petrobras is expected to restart production Wednesday from the P-34 platform, located offshore Brazil at the Jubarte oil field. The FPSO was shut-in after a fatal accident claimed the life of one worker and injured two on Sunday, Jan. 4, reported Reuters, citing local media. The accident resulted from a failed valve, which caused oil and water to gush out at high pressure.

 According a company-issued statement, "P-34 has begun the initial steps to resume production, which should occur tomorrow, Jan. 7."

Situated 130 kilometers off the southern coast of Espirito Santo in the Campos Basin, the FPSO Juscelino Kubitschek, or P-34 platform, has been producing light sweet crude from Brazil's subsalt region at a rate of between 12,000 and 14,000 bopd. Jubarte's reserves could contain more than 50 billion barrels of crude.