Home Business Petrobras starts production in the Libra block with Long Term Testing

Petrobras starts production in the Libra block with Long Term Testing

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Petrobras started on Sunday, Nov. 26, along with its partners, production in the Libra block, in the Santos Basin pre-salt, the state company said in a statement to the market on Monday.

According to the oil company, production in the block involves the entry into operation of the FPSO “Pionero de Libra”, a floating unit that produces, stores and transfers oil, with capacity to process daily up to 50 thousand barrels of oil and 4 million cubic meters of gas associated.

The vessel is owned by the joint venture formed by Odebrecht Oil and Gas (OOG) and Teekay Offshore Partners L.P. (Teekay Offshore), with 50 percent participation for each one.

The unit, with approximately 70 workers on board, can act on a sheet of water up to 2,400 meters deep.

In this first moment, the FPSO Pioneer of Libra will execute the so-called Long-Term Tests, which should last one year and aim to evaluate the behavior of the oil deposit.

After the conclusion of this first test, the Libra Pioneer FPSO will be moved to operate the Early Production Systems in other wells in Libra, Petrobras said.

“So far, 12 wells have been drilled in the Libra block, due to its magnitude, production potential, good oil quality and high commercial value. Libra opens a new business opportunity in the offshore industry.

The Libra consortium is led by Petrobras, with a 40 percent stake, in partnership with Shell (20 percent), Total (20 percent), CNPC (10 percent) and CNOOC Limited (10 percent).

The consortium still has the participation of the state company Pre-Sal Petróleo (PPSA) as contract manager.