The FPSO will be installed in Tupi Nordeste area, located at nearly 265km offshore in 2,130mt of water and 18km from the original Tupi discovery.
The FPSO will have production capacity of 120,000bpd of light crude oil and up to 5,000,000m3/d of natural gas, and will be operated by the companies responsible for its construction and chartered by the consortium for a 20-year period.
Block BM-S-11 is operated by Petrobras (65%), in partnership with BG E&P do Brasil (25%), and Petrogal Brasil/Galp Energia (10%).
The project schedule foresees delivery of the FPSO in 34 months from LOI execution date. The contracts will be signed in the next couple of days.
