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BG Group starts Brazil FPSO

  BG Group  announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the Group's significant discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block. Anchored 240 km off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2 220 metres above the ocean floor. This is the second leased FPSO deployed on the Iracema development and will double the gross production capacity to 300 thousand barrels of oil per day and 16 million cubic metres of natural gas per day from the area. The FPSO will also be able to store 1.6 million barrels of oil. BG Group has a 25% interest in Block BM-S-11 (Petróleo Brasileiro S.A., operator, 65% and Petrogal Brasil S.A., 10%). BG Group also has a 30% interest in Block BM-S-9 (Petróleo Brasileiro S.A., operator, 45% and Repsol Sinopec Brasil 25%). Source and Image Credit: BG GroupIn the beginning, I was straightforward with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just ...

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Mitsubishi Corporation confirms contracts for two FPSOs in Brazil

  A Mitsubishi Corporation (MC) joint venture has entered into contract with a consortium led by Brazil’s national oil company, Petróleo Brasileiro S.A.(Petrobras) –led Consortium for the charter, operation and maintenance of two Floating, Production, Storage and Offloading (FPSO) systems in Brazil. The MC joint venture has established with Nippon Yusen Kabushiki Kaisha (NYK Line), SBM Offshore N.V. (SBM), a global leader in the business, and Brazilian private oil and gas service provider Queiroz Galvão Óleo e Gás S.A (“QGOG”). The two FPSOs will be constructed by converting large crude tankers, and will be used in development at the Lula Alto and Lula Central oil fields, operated by Petrobras, off the coast of Brazil. The FPSOs are scheduled to start production operation from around the beginning of year 2016. As companies explore the development of oil and gas resources in response to the need for securing sustainable energy supplies globally, the development of offshore oil and gas fields is becoming more important. Rich in offshore oil reserves, Brazil is considered an important player in the offshore oil market. In this context, the Lula Alto and Lula Central projects are of major importance for the joint venture led by Petrobras. These ...

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