Petrobras describes offshore projects

The Espirito Santo basin will continue to be a major offshore development hub for Petrobras over the next 5-10 years. A spokesperson for the company recently provided an update on Petrobras' plans to produce and transport the basin's gas and heavy oil reserves.

Offshore staff

(Brazil)- The Espirito Santo basin will continue to be a major offshore development hub for Petrobras over the next 5-10 years. A spokesperson for the company recently provided an update on Petrobras' plans to produce and transport the basin's gas and heavy oil reserves.

Petrobras is planning to build a gas treatment unit in Cacimbas that will treat gas from the offshore light crude and natural gas Golfinho field that is currently under development.

"In 2010, Espirito Santo [state] will produce 10MMcm/d," said the spokesperson, referring to Golfinho, Peroa and its sister field Cangoa, and onshore production. Current natural gas output is 1.3MMcm/d from the onshore fields.

Petrobras also has heavy crude production in the state. Company officials inaugurated the onshore Fazenda Alegre oil transport center on Tuesday that will allow heavy crude transport to the Norte Capixaba sea terminal. The heavy crude would be loaded on tankers and taken to the Lubnor lubricant refinery in the country's northeastern region for processing.

Investments in the Fazenda Alegre and the sea terminal were 270 million reais and 150 million reais ($124 million and $69 million), respectively, the statement said.

In addition Petrobras has signed an agreement with mining company Samarco to use its Ubu port terminal in Espirito Santo state to service platforms and support vessels in the Espirito Santo basin.

02/09/2006

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