Agbami Field kicks-off production in the sea of Nigeria
Posted on August 1, 2008 – 3:25 pm | by oilandgaspress.com
Rio de Janeiro, July 31, 2008 – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that the Agbami Field produced its first oil on July 29 2008. Petrobras holds a 13% share in the venture, together with StatoilHydro and Chevron, the operator. The Nigerian companies Nigerian National Petroleum Corporation and Famfa Oil Limited are also partners in Agbami Field as concessionaries.
The FPSO (Floating Production, Storage and Offloading) type vessel that operates in the blocks OML-127/128 (Agbami) is the biggest ever installed in the world for this purpose and is capable of producing 250,000 barrels of oil per day (bpd). The field’s average water depth is 1400 meters.
Production is expected to peak in the second half of 2009. Petrobras’ share will be around 33,000 bpd of the light oil production, with API gravities ranging from 45 to 48 degrees. This production will represent some 13% of the volume Petrobras produces abroad.
Petrobras has had a wide-range participation in all Agbami production development stages, with professionals assigned to several project areas ever since its conception, making a decisive contribution with their knowledge on deepwater exploration and production.
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Tags: Agbami Field, Famfa Oil, NIGERIA, Nigerian National Petroleum Corporation, PETROBRAS
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