Cidade de Itajaí FPSO has reached the milestone of 109 million barrels of oil produced and operational uptime of 99.7%, from the operation’s start in 2013
Altera&Ocyan expanded its portfolio of clients through the assignment, on November 6th, of charter and operation agreements relating to Cidade de Itajaí (“CDI”) FPSO to a subsidiary of the Australian Stock Exchange Listed company Karoon Energy, which is the new concession holder of Shallow Water Block BM-S-40, containing the Bauna oil field, in the Southern area of Santos Basin. CDI has been operating at the Baúna field for Petrobras since 2013.
The change of clients is due to the field acquisition by Karoon, which has also extended the agreements with Altera&Ocyan for a further four years, ensuring that CDI will operate at Bauna until February 2026, with two further option years to 2028.
“We are excited to have Karoon as our new client, and about the extension of the agreements, which would have ended with Petrobras in February 2022. The extension shows that Altera&Ocyan has been delivering a high operating and safety performance, which adds market value to both our joint venture and the new field operator,” celebrates Jorge Mitidieri, Vice President of Integrated Services at Ocyan.
Cidade de Itajaí FPSO has reached the milestone of 109 (update) million barrels of oil produced and operational uptime of 99.7%, from the operation’s start in 2013 to the current moment. Operated by the joint venture Altera&Ocyan (partnership 50/50 between Ocyan and Altera Infrastructure), the FPSO presents safety and performance indicators that reinforce its operational success.
During the pandemic, the FPSO has not registered any case of COVID-19 onboard, the result of a rigorous prevention process and health protocols that has ensured the activities were not interrupted during the past months. Furthermore, we recorded over 930 days without loss time accidents.
“We are pleased to announce this important multi-year FPSO contract with Karoon and are committed to work together to maximize the production in the future of the Baúna field and CDI”, commented Chris Brett, President Altera Production.
Robert Hosking, Karoon Managing Director said “Karoon is very pleased to be joining Teekay&Ocyan at Bauna, their operational and safety record on the asset has been excellent and Karoon looks forward to a constructive relationship going forward”.
Altera&Ocyan has two assets: Cidade de Itajaí (CDI) and Pioneiro de Libra (PDL) FPSO’s, both with long-term, consolidated agreements in effect.
Cidade de Itajaí FPSO
Cidade de Itajaí is the first production unit operated by the Altera&Ocyan joint venture. Built at the Sembmarine shipyard in Singapore, the FPSO arrived in Brazil on December 29, 2012, starting operations on February 16, 2013.
The asset can act in water depths up to 1,000 meters deep, with the capacity to produce 80,000 barrels of oil daily and to compress and reinject two million cubic meters of gas per day.
The CDI has a female leadership. Mechanical engineer Nathalia Souza Teixeira, 31, who has overseen the vessel’s activities since November 2018. The team consists of around 60 members on board and 25 onshore, in addition to the team shared between the two Units in operation by the JV (the other unit is the FPSO Pioneiro de Libra). Nathalia is graduated from the Federal University of Minas Gerais and started her career at Ocyan in 2014.
Source: Company Press Release