Friday, September 29, 2023

No production target impacts expected as Petrobras delays project start-ups 

Must Read

OilNOW is an online-based Information and Resource Centre

Brazil’s state-owned Petrobras has delayed the start-up of three floating production, storage and offloading (FPSO) vessels as its new energy strategy is being crafted. 

Petrobras said that first oil dates for the Almirante Tamandaré FPSO and Maria Quiteria FPSO are now set in 2025. For the third FPSO – P-82 – first oil has been shifted to 2027. 

“Considering the company’s consolidated portfolio of assets and projects, no impacts are expected on its disclosed oil and natural gas production targets,” Petrobras said in its statement. 

The three vessels are expected to be deployed in Brazil’s Santos Basin. 

Petrobras recently secured US$1.63 project financing for the Almirante Tamandaré FPSO set to become Brazil’s largest oil-producing unit. It is being constructed by SBM Offshore. 

Petrobras’ new energy policy shifts its focus to natural gas, biofuel, fertiliser and renewable assets.

- Advertisement -

Latest News

Exxon, Hess withdraw from Kaieteur Block offshore Guyana

ExxonMobil Guyana has indicated that is withdrawing from the Kaieteur Block. Additionally, Ratio Petroleum Energy Limited has informed the...

More Articles Like This