LONDON — Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil.
This follows recent clearance from the Brazilian regulatory authorities earlier.
The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it receives oil from the Pargo platform via a new 2.8-km pipeline.
Current production from the Pargo Cluster is about 20,0000 bbl/d, up from 2,800 bbl/d in late 2019 when Perenco Brazil took over operations. The FSO forms part of the company’s $400-million Pargo Cluster development.