Petrobras (Petróleo Brasileiro) and its associates start production from the eighth platform installed in the Lula field in the BM-S-11 concession placed offshore Brazil.

Natural gas and oil are produced from the P-69 floating production, storage, and offloading unit of oil and gas (FPSO) through eight producing wells and seven injection wells.

The P-69 FPSO is located in water depths of 2,150 m, almost 290 km off the Rio de Janeiro coast. Consequently, its daily processing potential is nearly 150,000 barrels of oil. The compressing capacity is almost 6 million cubic meters of natural gas.

The Cosco shipyard in China developed the P-69 FPSO hull construction. Hence, Brazil was responsible for the modules integration and the final commissioning of the vessel.

“P-69 will contribute to the increase of Petrobras’ production in the horizon of the 2018-2022 Business and Management Plan.”, – claims Brazilian national oil company with a stake of 65%.

In contrast, Royal Dutch Shell’s subsidiary Shell Brasil Petróleo shares 25% in the block, Galp’s subsidiary Petrogal Brasil owns 10%.

“The Brazilian pre-salt fields are some of the best deep-water provinces in the world. With significant flow rates, deep-water Brazil projects are breaking even under $40 per barrel”,- Shell upstream director Andy Brown said.

Discovered by Petrobras in October 2006, the Lula field is the largest producing field in Brazil. Therefore, it accounts up to 30% of the national production.

The Lula field entered the production in October 2010. It launched from the Lula Pilot area using the Cidade de Angra dos Reis FPSO. Petrobras and its partners started deep-water production at the FPSO P-66 in Lula South in May 2017. P-66 noted the seventh FPSO to start production in the BM-S-11 concession.