Libra FPSO Starts Charter Contract in Santos Basin

Image Courtesy: Teekay Offshore Partners/Morten M.

The floating production storage and offloading (FPSO) unit Pioneiro de Libra has achieved first oil and started a 12-year charter contract with a group of international oil companies on the Libra oil field where it will perform early well tests.

The Libra FPSO, which is chartered by Petrobras, Total, Shell, CNPC and CNOOC Limited, is the first unit to produce oil on the giant Libra block, which covers more than 1,500 square kilometers in the Santos Basin.

Owned and operated by Teekay Offshore Partners (TOO) and Odebrecht Oil and Gas (OOG) through a 50/50 joint venture, the FPSO unit was converted from one of the partnership’s shuttle tankers at Sembcorp Marine’s Jurong shipyard in Singapore.

The vessel is designed to operate at water depths of up to 2,400 meters, with a production capacity of 50,000 barrels of oil per day and daily compression capacity of four million cubic meters of gas.

“Today marks another significant milestone for Teekay Offshore and its growing presence in the Brazilian market,” Ingvild Sæther, President and CEO of Teekay Offshore Group, said.

“This successful Libra FPSO conversion project demonstrates that we can confidently deliver highly complex FPSO solutions for Brazil’s massive pre-salt play and is expected to provide significant future cash flow growth to the partnership,” Sæther added.

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >