Petroleo Brasileiro Petrobras SA Starts Commercial Production at Lula Nordeste Field Operated in Consortium

Thursday, 6 Jun 2013 04:51pm EDT 

Petroleo Brasileiro Petrobras SA (Petrobras) announced that with the start up of platform Cidade de Paraty, on June 6, 2013 it initiated the commercial production of Lula Nordeste field, in the pre-salt of Santos Basin. The new platform is a part of production projects considered for 2013 in Business and Management Plan (PNG 2013-2017). Cidade de Paraty is a FPSO platform (Floating, Production, Storage and Offloading). It is anchored at a water depth of 2,120 meters, approximately 300 kilometers off the coast, and is capable of processing up to 120,000 barrels of oil and 5 million square meters of gas per day. Well 7-LL-11-RJS, the first one to be interconnected to the platform, can produce over 25,000 barrels of oil per day. Its production, however, will be restricted to 13,000 barrels of oil per day in the first month of operation, until the commissioning of natural gas processing and reinjection systems is concluded. The produced oil is of intermediate density of 290 degrees API. Block BM-S-11 is operated by Petrobras (65%), in partnership with BG E&P Brasil Ltda (25%) and Petrogal Brasil SA (10%). 

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