Production at the Búzios presalt field in the Santos Basin offshore Brazil has started through the P-74 FPSO, Petrobras said in a news release.
Located about 200 km off the coast of the state of Rio de Janeiro, P-74 sits at a water depth of 2,000 meters and is the 13th platform to enter operation in the Brazilian presalt.
Due to the field’s high production potential, four more production units will be destined for this field between 2018 and 2021, the company said. Each platform will have the capacity to process up to 150,000 barrels of oil and 6 million cubic meters of gas per day.
Recommended Reading
ABS Market for Upstream Producers Expanding, Panelists Say
2024-10-09 - Asset-backed securitization or ABS, which transforms oil and gas reserves into negotiable financial assets, usually have a hedging element and offer producers another financing option, panelists said Oct. 3 at Hart Energy’s Energy Capital Conference in Dallas.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
Texas Capital Navigates the Trends Shifting Financial Markets
2024-10-18 - Texas Capital has had to navigate trends impacting the financial markets, such as an emphasis on ESG and less-than-favorable equity markets, said Daniel Hoverman, Texas Capital's head of corporate and investment banking, at ECC.
J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO
2024-12-12 - Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.
Delek Logistics Partners Raises $166MM in Offering to Pay Debt
2024-10-11 - Delek Logisitics Partners closed an offering of 4.42 million common units to generate gross proceeds of $166 million.