Petrobras calls on SBM for Tupi FPSO

Petróleo Brasileiro S.A. has signed a Letter of Intent with SBM Offshore NV and Queiroz Galvão Óleo e Gás S.A. to construct an FPSO for the second pilot project at the pre-salt Tupi area of Santos basin offshore Brazil.

Offshore staff

RIO DE JANEIRO -- Petróleo Brasileiro S.A. has signed a Letter of Intent with SBM Offshore NV and Queiroz Galvão Óleo e Gás S.A. to construct an FPSO for the second pilot project at the pre-salt Tupi area of Santos basin offshore Brazil.

Plans call for the FPSO to go into Tupi Nordeste 265 km (165 mi) offshore in 2,130 m (6,988 ft) water depth. The FPSO is to have a production capacity of 120,000 b/d of light oil and 5 MMcm/d (177 MMcf/d) of natural gas.

The plan calls for delivery of the FPSO in 34 months.

BM-S-11 is operated by Petrobras (65%), in partnership with BG E&P do Brasil Ltda. (25%), and Petrogal Brasil/Galp Energia (10%).

06/01/2010

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