Teekay, Odebrecht JV in front seat for Libra FPSO award

Teekay Offshore has announced that its 50/50 joint venture with Odebrecht was recently nominated by Brazil’s Petrobras as the lead commercial bidder on the Libra FPSO project in Brazil, and has been invited by Petrobras to conclude contract negotiations.

The FPSO unit is expected to be owned and operated by the Teekay Offshore’s 50/50 joint venture with Odebrecht and will service the Libra pre-salt field in the Santos Basin offshore Brazil, which is expected to start operations in early-2017.

The final contract negotiations are expected to be completed during the third quarter of 2014.

Drilling begins

Petrobras yesterday announced it had begun drilling operations at an exploration well at the Libra field.

The block covers approximately 1,550 square kilometers in water depths of around 2,000 meters (6,500 feet). The reservoir depth is around 3,500 meters below the sea floor (11,500 feet). The ANP estimates that total gross peak oil production could reach 1.4 million barrels per day. However, further appraisal is required to firm up this estimate, the development concept and a first oil date.

The Libra consortium is composed of Petrobras (operator and owner of a 40% stake), Shell (20%), Total (20%), CNPC (10%) and CNOOC (10%), together with Pré-Sal Petróleo S.A. (PPSA), the consortium manager.

 

Offshore Energy Today Staff, August 08, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

FPSO Roundtables 2018

The entire FPSO value chain is now critically aware of how conventional modes of cooperation and project delivery must change in light…

read more >

International Petroleum (IP) Week 2018

International Petroleum (IP) Week, hosted by the Energy Institute (EI) is a renowned and highly respected event where leaders from the global…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

FPSO Europe Congress 2018

The FPSO Europe Congress 2018 builds on these themes, lending a particular focus to FPSO Value Preservation and Operational Excellence…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you\'ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you\'ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you\'ll reach countless professionals in the sector. For more information, click below...

apply