Located in block BM-S-9, in the pre-salt of Santos Basin in Brazil, the SPA began production through exploratory well 3-BRSA-788-SPS (3-SPS-69).

The field, which is estimated to produce about 15,000 barrels of oil per day, due to restrictions in gas utilisation, will be further extended for a maximum period of six months.

Located at a water depth of 2,140m, 310km off the coast, the platform produced oil of medium density (30º API) and high quality, which will be transported using relief tankers.

The Sapinhoá field development plan includes construction of two permanent systems composed of FPSOs Cidade de Ilhabela and Cidade de São Paulo, which is currently under production since 5 January 2013.

Cidade de Ilhabela’s hull is currently in China, while production plant modules are being built in Brazil.

The platform, which is scheduled to go on stream in the second half of 2014, can produce 6,000,000 m3/of gas.

Sapinhoá Field, which is considered to one of Brazil’s biggest oil fields, has an estimated total recoverable volume of 2.1 billion barrels of oil equivalent.