Petrobras charters Carioca FPSO

Petrobras, the operator for the BM-S-9 consortium, announced that the company's affiliate, Guará BV, has signed a letter of intent to charter, through Modec Inc. and Schahin Petróleo e Gás S.A., an FPSO for use in production development of the pre-salt layer in the Carioca area, part of the Santos basin Block BM-S-9.

The project provides for the initial connection of eight wells to the FPSO, four as producing wells and four for injection, with the possibility of subsequent additional wells. The Carioca area is expected to start producing in August 2016.

The platform will have a processing capacity of up to 100,000 b/d of oil and 5 million cu. m/d of natural gas. The FPSO will be operated by the companies responsible for its construction and chartered to the BM-S-9 Consortium for a period of 20 years. The Carioca FPSO is scheduled to be delivered by June 2016.

The BM-S-9 Consortium is a partnership between Petrobras (the operator, with 45%), BG E&P Brasil Ltda. (30%) and Repsol Sinopec Brasil S.A. (25%).

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