Upstream industry news : Petrobras and its partners Royal Dutch Shell and Galp have started production from the Lula North project in the Santos Basin in Brazil through the P-67 floating production and storage offloading vessel (P-67 FPSO).

The Lula North deepwater field is located in the BM-S-11 concession, which is operated by Petrobras, through a stake of 65%. The Brazilian national oil company’s partners – Shell and Galp, hold stakes of 25% and 10%, respectively in the BM-S-11 concession.

P-67 FPSO at the Lula North project

Located about 260km off the coast of Rio de Janeiro, the P-67 FPSO is producing through nine production wells and also injection wells which are interconnected to the vessel.

Petrobras stated : “Drainage of oil production shall be through lifting vessels, while the production of gas shall be drained by the routes of the pre-salt gas pipelines.”

The P-67 FPSO at the Lula North project is the seventh such vessel in operation at the Lula field, which was discovered in 2006 by Petrobras. The processing capacity of the P-67 FPSO is up to 150,000 barrels of oil to go along with six million cubic meters of natural gas per day.

A total of nine FPSOs have been brought into production in the BM-S-11 concession, which also includes the Lula and Iracema oil fields. Production in the BM-S-11 concession began through the Cidade de Angra dos Reis FPSO in October 2010 at the Lula Pilot prospect.

Last October, the partners began production at Lula Extreme South through the P-69 FPSO.

The Lula field, which is regarded as the largest producing field in Brazil, contributes up to 30% of the country’s oil and gas production.

For more upstream industry news and updates on the Lula field, Lula North project and Santos Basin, keep following Business-News-Today.com.

  BM-S-11 concession, Brazil, Galp, Lula field, Lula North field, P-67 FPSO, Petrobras, Royal Dutch Shell, Santos Basin