Petrobras leases FPSO for Guará pilot project

Petrobras, BG Group, and Repsol have signed a Letter of Intent with the Schahin/Modec consortium for the construction and 20-year lease of an FPSO for the Guará pilot project in the BM-S-9 block in the Santos basin, offshore Brazil.

Offshore staff

RIO DE JANEIRO -- Petrobras, BG Group, and Repsol have signed a Letter of Intent with the Schahin/Modec consortium for the construction and 20-year lease of an FPSO for the Guará pilot project in the BM-S-9 block in the Santos basin, offshore Brazil.

The FPSO, with a production capacity of 120,000 bbl of oil and 5 MMcm/d (176.5 MMcf/d) of gas, is expected to start up by the end of 2012.

01/28/2010

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