Press Release
BG Group announced the 7th of June, the start of commercial production from a third floating production, storage and offloading (FPSO) vessel on the Group’s discoveries offshore Brazil in the pre-salt Santos Basin.
The Cidade de Paraty FPSO is the second unit deployed on the giant Lula discovery and is located approximately 300 kilometres off the coast of Brazil, in the north east corner of the BM-S-11 block.
The Cidade de Paraty has capacity to process 120 000 barrels of oil per day and 176 million standard cubic feet of gas per day. The first month of production will be restricted to around 13 000 barrels of oil per day, being gradually increased as the gas reinjection systems are commissioned. It is expected that peak production will be reached in the second half of 2014.
To view the full press release please click here.
Source: BG Group
