Initially, the floating storage production and offloading (FPSO) platform will lift some 20,000 barrels per day of light oil.

By the end of the year, the company forecasts that two more producer wells will be interconnected and that the platform’s production will surge to 70,000 barrels per day. When the platform’s peak production is reached in the first half of 2008, Espirito Santo’s production is expected to rise to 200,000 barrels per day, up from the current 120,000 barrels per day.

The vessel platform is capable of processing 100,000 barrels of oil and 3.5 million cubic meters of gas per day and is anchored at a water depth of 1,386 meters, nearly 50 kilometers off the central portion of the Espirito Santo coast.

The unit will be connected to four oil-producing wells, two gas-producing wells, and three water-injector wells. Oil production will flow through relief vessels, while the gas will be transported over a submarine gas pipeline to the Cacimbas gas treatment unit in Linhares.