BG Group is set to begin the first oil production from the sixth Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel.
The unit started production in its oil fields in the Santos Basin, offshore Brazil.
According to BG Group, the FPSO will produce from the Iracema North area of the Lula field, located in the BM-S-11 block operated by Petrobras.
The Cidade de Itaguaí is anchored 240km off the coast of Rio de Janeiro and around 2,220m above the ocean floor.
With a capacity to store 1.6 million barrels of oil, the vessel is expected to double the gross production capacity to 300,000 barrels of oil per day and 16 million cubic metres of natural gas per day from the area.
BG Group has a 25% interest in Block BM-S-11 and others partners include Petróleo Brasileiro (operator), 65% and Petrogal Brasil, 10%.
The company also has a 30% interest in Block BM-S-9, which is 45% owned by Petróleo Brasileiro and 25% held by Repsol Sinopec Brasil.
The offshore pre-salt basin, Santos Basin is located in the south Atlantic Ocean and one of the largest Brazilian sedimentary basins.
It is the site of several recent significant oil fields, including Tupi, Jupiter, and Libra.
Image: The Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel. Photo: © BG Group.