MODEC achieves first oil in Santos basin; begins FPSO charter
MODEC achieves first oil in Santos basin; begins FPSO charter
TOKYO -- MODEC's FPSO Cidade de Mangaratiba MV24, located in the BM-S-11 block (Iracema Sul area) in the giant 'pre-salt' region of the Santos basin offshore Brazil, has achieved first oil production in the middle of October.
The FPSO is chartered by Tupi, a subsidary of Petrobras, under a twenty year lease and operation contract.
The FPSO is moored at Lula field, Iracema Sul area with 2,200 m of water depth. The FPSO is capable of processing 150,000 bpd and 280 MMscfgd, and has storage capacity of about 1,600,000 bbl of crude oil.
