Petrobras: Lula Extremo Sul area produces first oil

Petrobras has informed that oil and gas production has started from the Lula Extremo Sul area in the Santos Basin via the P-69 FPSO.

The FPSO is located approximately 290 km off the coast of the state of Rio de Janeiro, in a water depth of 2,150 meters.

With a daily capacity to process up to 150 thousand barrels of oil and compress up to 6 million cubic meters of natural gas, P-69 will produce through eight producing wells, also using seven injection wells.

Discovered in 2006, Lula is the largest producing field in the country, responsible for 30% of the national production.

Lula field is located in the BM-S-11 concession operated by Petrobras (65%), in partnership with Shell Brasil Petróleo Ltda. (25%) and Petrogal Brasil S.A. (10%)

“The Brazilian pre-salt fields are some of the best deep-water provinces in the world,” said Andy Brown, Upstream Director for Shell.  “With significant flow rates, deep-water Brazil projects are breaking even under $40 per barrel.  We commend Petrobras on this production milestone, and we look forward to progressing additional development plans with our consortium partners as well as for our recently-acquired, deep-water Brazil blocks.”

Following Lula Extreme South, the next FPSO is P-67 for Lula North. The Libra product sharing agreement continues to progress with an extended well test as well as the Mero 1 FPSO, and additional FPSOs are planned.

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