Petrobras starts production at Baleia Azul presalt field

September 11, 2012

Petrobras starts production at Baleia Azul presalt field

BY JEFF FICK

RIO DE JANEIRO -- Petrobras has announced start of oil production at the Baleia Azul presalt field in the offshore Campos Basin. The first well at the field started pumping about 20,000 barrels of light crude oil to the FPSO Cidade de Anchieta, the company said. Jose Formigli, Petrobras's director of exploration and production, had said last month that first oil at the field would be pumped by the end of August.

The Cidade de Anchieta is one of two new production systems that are planned to start output in 2012, although Petrobras expects daily average crude oil output to remain stable at about 2 MMbopd. The company's crude oil output has been undercut so far in 2012 by heavy maintenance at offshore oil platforms and the unexpected shut down of the Frade field operated by Chevron Corp.

Frade, the site of a drilling accident last November that caused an estimated 3,700 barrels of crude oil to seep into the Atlantic Ocean from cracks in the seabed, was shuttered temporarily in March after a second series of seeps appeared.

Petrobras also expects to bring the Bauna and Piracaba fields, formerly known as Tiro and Sidon, onstream in October. The FPSO Cidade de Itajai will be installed at the fields, with peak production of about 80 Mbopd expected by January 2014.

The Cidade de Anchieta will receive oil production from 10 wells, including seven production and three water-injection wells, Petrobras said. The wells will be scattered across the Baleia Azul, Jubarte and Pirambu fields in the so-called "Whales Park" region of the Campos Basin off the coast of Brazil's Espirito Santo state. The fields all carry the Portuguese names of different whale species.

Petrobras holds a 100% stake in all of the fields, with Jubarte being the source of Brazil's first-ever presalt oil production. Brazil produced an average 208,900 boepd from presalt fields in July, according to the latest data from Brazil's National Petroleum Agency.

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