Campos basin partners to develop offshore natural gas liquefaction unit

Repsol and Galp Energia have joined a venture to build an onboard natural gas liquefaction unit (ONGU) for blocks BM-S-9 and BM-S-11 in the Santos basin's Pre-Salt Pole, offshore Brazil.

Offshore staff

RIO DE JANEIRO -- Repsol and Galp Energia have joined a venture to build an onboard natural gas liquefaction unit (ONGU) for blocks BM-S-9 and BM-S-11 in the Santos basin's Pre-Salt Pole, offshore Brazil.

Petrobras has a 51.1% stake in the joint venture, while BG, Repsol, and Galp Energia each have a 16.3% interest.

Once a decision has been made to deploy the ONGU, it will be installed near the blocks’ FPSOs and will receive, process, and liquefy up to 14 MMcm/d of associated gas. The ONGU will also store and transfer processed products including LNG, propane, and butane to the vessels.

In the case of LNG, the product will be delivered to regasification terminals, where natural gas is transformed from the liquid to the gaseous state and injected into Brazil’s gas pipeline network.

The companies that are partners in the joint venture are also partners in blocks BM-S-9 (Petrobras, BG Group, and Repsol) and BM-S-11 (Petrobras, BG Group, and Galp Energia). The companies intend to share resources and competencies to develop and deploy the new units.

12/07/2009

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