Total has announced first oil from the Iara licence (Block BM-S-11A), located in the deepwater Santos Basin pre-salt. This marks the start-up of the FPSO P-68, the first of the two floating production, storage and offloading units (FPSOs) already launched and to be installed on the licence. The second, the P-70, is expected to come on stream in 2020. Each unit has a capacity of 150 000 bpd of oil.
“First oil from Iara is a new milestone for Total in Brazil. It increases our share of production from the highly prolific pre-salt area, adding to current output from the Total-operated Lapa field, and the extended well tests under way on the Mero field,” said Arnaud Breuillac, President Exploration & Production at Total.
The Iara license comprises the Sururu, Berbigão and Oeste de Atapu fields.
Total acquired a working interest of 22.5% in Block BM-S-11A on 12 January 2018 as part of the strategic alliance with Petrobras, becoming a partner alongside operator Petrobras (42.5%), Shell Brasil Petróleo Ltda. (25%) and Petrogal Brasil S.A. (10%).
Read the article online at: https://www.tanksterminals.com/storage-tanks/15112019/fpso-operators-announce-first-oil-from-iara-licence/