Petrobras Announces Start of Sepetiba FPSO’s First Production in Brazil

Shell

Monday, January 1, 2024 10:09 AM UTC

The FPSO (Floating Production Storage and Offloading) Sepetiba produces crude oil and gas at sea, and it reportedly has an operational capacity of 180,000 barrels of oil per day and 12 million cubic meters of natural gas. In the first wave, it is also linked to six production and six injector wells in the field.

First Production at FPSO Sepetiba

The floating production storage and offloading is operated by Petrobras' Sepetiba, a Brazilian state-run oil company, and it announced the start of its first production through a recent securities filing. The operation of the FPSO is expected to boost production efficiency while doing its part to contribute to lowering emissions as well.

As per Reuters, Sepetiba is the third production facility that has been built by the company at the Mero oilfield site. There are also plans to install more units to increase production further. The total output in this oilfield is about 230,000 barrels per day (bpd).

Stake Ownership in Mero Oilfield

Petrobras runs and owns a 38.6% stake in the Mero oilfield. It was reported that the other stakeholders include Shell, Brazil's Pré-Sal Petróleo S.A. (PPSA), TotalEnergies, China National Petroleum Corporation (CNPC), and China National Offshore Oil Corporation (CNOOC).

"The FPSO Sepetiba development leverages our world-class partnership with Petrobras and reinforces our presence in one of the most productive fields in Brazil," Shell's Integrated Gas and Upstream Director, Zoë Yujnovich, said in a press release. "This project aligns with Shell's Powering Progress strategy and our commitment to leverage increasingly efficient and competitive developments in our heartlands to provide safe, secure energy supplies today and for decades to come."

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