First oil in the Tupi Pilot Project
Rio
de Janeiro, October 27, 2010 � Petr�leo Brasileiro S.A. -
Petrobras announces that it got operations underway today at the FPSO
Cidade Angra dos Reis, the first definitive production system installed in
the Tupi area, in the Santos Basin pre-salt cluster.
The
FPSO (oil and gas floating production, storage, and offloading system) is
initially connected to the RJS-660 well, which will undergo technical testing
until the Declaration of Commerciality (DC) is made for the field, slated for
late December, when the process of interconnecting it to other producing
wells will be completed and the Tupi area will enter the production
development phase.
It
is installed in an area near the FPSO Cidade de S�o Vicente, which has been
performing the Extended Well Test (TLD) for Tupi since May of last year and
has already produced about seven million barrels of oil. The pilot system,
whose activities will begin after the DC, will complement the technical data
collected by the TLD with critical information about the reservoir and the
production. These data are essential to design the future units that will
operate in the pre-salt. It will also contribute both to improve the well
construction and subsea production collection projects, and to assess how
different recovery methods (oil extraction) perform in the reservoir.
The
unit will produce light, high commercial value oil and will kick-off the
final Tupi production system, which will collect basic technical information
for the development of large accumulations of oil discovered in recent years
in that sedimentary basin.
The
consortium that is undertaking the production in the BMS-11 block, where the
Tupi oil accumulation is located, is formed by Petrobras, which is the
operator, holding 65% of exploration rights, BG Group (25%), and Galp Energia
(10%).
Declaration
of Commerciality
With
the completion of the TLD and the drilling of additional exploratory wells,
Petrobras will send the Final Assessment Report for the Tupi area, together
with the Declaration of Commerciality for the field, to the National
Petroleum Agency (ANP).
To
date, nine wells have already been drilled in that accumulation, with
excellent results for the company. The ninth exploratory well, completed last
week, confirms the field's high light oil and natural gas recovery potential,
which the company estimates between 5 and 8 billion barrels of oil
equivalent. This well also proved that the oil accumulation not only extends
to the far south of the Assessment Plan area, but also that the oil-bearing
reservoir is about 128 meters thick, reducing hydrocarbon volume estimate
uncertainties in the area. Two more wells are scheduled to be drilled by late
December.
Technical Features
The
FPSO Cidade de Angra dos Reis, chartered from Modec, is moored at a water
depth of 2,149 meters and is capable of producing up to 100,000 barrels of
oil and to process up to five million cubic meters of gas per day. At the
peak of production, six oil-producing wells, a gas injector well, a water
injector, and another injector that can inject water and gas, alternately,
will be connected to the vessel.
The
oil that is produced will be transferred to land on shuttle tankers. The gas
will be separated from the oil in the FPSO'S facilities. A part may be used
for on board power generation, while there will be two uses for production
surplus: it may be reinjected into the oil reservoir in the production
process or exported to shore via a gas pipeline that will connect the FPSO to
the Mexilh�o platform, which operates a gas field in shallow waters in the
same basin. From Mexilh�o, the gas will flow to the Monteiro Lobato Gas
Treatment Unit, which is currently under construction in the city of
Caraguatatuba (state of S�o Paulo), to be treated before being shipped off to
the consumer market.
|
2 million barrels
|
|
330 meters
|
|
58 meters
|
|
19 meters
|
|
100 crew members
|
|
100,000 bpd
|
|
90,000 bpd
|
|
5 million cubic
meters/day
|
|
Spread Mooring, with 24 mooring lines
|
Sincerely,
Investor Relations
www.petrobras.com.br/ri/english
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br /
acionistas@petrobras.com.br
Av. Rep�blica do Chile, 65 � 22nd floor - 20031-912 - Rio de Janeiro, RJ I
Tel.: 55 (21) 3224-1510 / 9947
This document may
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (Securities Act), and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act) that merely
reflect the expectations of the Company�s management. Such terms as
�anticipate�, �believe�, �expect�, �forecast�, �intend�, �plan�, �project�,
�seek�, �should�, along with similar or analogous expressions, are used to
identify such forward-looking statements. These predictions evidently involve
risks and uncertainties, whether foreseen or not by the Company. Therefore,
the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information
presented herein.
|