BG Group, Petrobras explore Santos basin FLNG options

BG Group and Petrobras are developing FLNG as an additional option to commercialize the Santos basin pre-salt, offshore Brazil.

Offshore staff

READING, UK -- BG Group and Petrobras are developing FLNG as an additional option to commercialize the Santos basin pre-salt, offshore Brazil.

The companies signed a new agreement to award front-end engineering and design (FEED) contracts for a new FLNG vessel that will operate close to the planned Santos basin FPSOs. The vessel will process and liquefy the associated natural gas from the pre-salt fields before offloading to LNG ships.

The FLNG processing capacity is anticipated to be up to 14 MMcm/d of associated gas. Produced LNG will be shipped to Petrobras-operated re-gasification terminals to supply the Brazilian domestic market or exported to other global markets.

“We are delighted to extend our already close working relationship with Petrobras as we jointly consider options to develop the very material associated natural gas potential of the Santos basin pre-salt,” says Frank Chapman, BG Group’s chief exective. “This agreement draws on a range of strengths within each company, combining Petrobras' expertise in ultra deepwater exploration and development with BG Group's proven skills at all points of the global gas value chain.”

11/17/2009

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