Sevan Piranema hits one-year production mark

The FPSO Sevan Piranema has been producing oil for Petrobras for its first full year.

Offshore staff

ARENDAL, Norway -- The FPSO Sevan Piranema has been producing oil for Petrobras for its first full year. The unit is moored on the Petrobras-operated Piranema field, off the coast of Aracaju, in the state of Sergipe, Brazil.

During the first year of operation, the FPSO has produced 2.9 MMbbl of oil, exported by 14 shuttle tanker cargos. The production uptime during this time has been 97.5% and over 99% since the start of 2008, according to Sevan.

Sevan Piranema is working under an 11 plus 11 year charter contract with Petrobras in ultra deepwater, ranging from 1,000 to 1,600 m (3,281 to 5,249 ft). The FPSO has a nominal oil storage capacity of 300,000 bbl and is equipped with an oil process capacity of 30,000 b/d and a gas compression capacity of 3.6 MMcm/d.

Sevan Piranema is the world's first cylinder shaped FPSO. It is also the first floating production unit to operate in this area of Brazil.

10/10/2008

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