FPSO Espadarte to move to Baleia Azul field

Petrobras has signed a letter of intent with SBM Offshore for a 18-year lease and operate contract of the company's existing FPSO Espadarte on the Baleia Azul field, offshore Brazil.

Offshore staff

SCHIEDAM, Netherlands -- Petrobras has signed a letter of intent with SBM Offshore for a 18-year lease and operate contract of the company's existing FPSO Espadarte on the Baleia Azul field, offshore Brazil.

In April 2011, the vessel will be disconnected from its current location on the Espadarte field, offshore Brazil. After transfer to a shipyard, the FPSO will be modified and upgraded for the new project. The vessel will then transfer back to Brazil for offshore hook up, installation, and operation on the Baleia Azul field.

First oil at the Baleia Azul field is planned for July 2012.

12/17/2009

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