BG Group announces first production from 100 000 barrel per day facilities on Tupi field, offshore Brazil

abarrelfull wrote on 28 Oct 2010 08:25
Tags: bg-group brazil tupi upstream

Latest News

• Want a weekly review of refining news?

• This Week in Refining
• RSS Feed

BG Group today announced that production from the first permanent floating production, storage and offloading (FPSO) vessel on the Tupi field in block BM-S-11 in the Santos Basin, offshore Brazil has commenced.

The Cidade de Angra dos Reis FPSO, which is initially connected to well RJS-660 (known as Tupi-P1), is expected to produce up to 100 000 barrels of oil per day and up to 177 million standard cubic feet of gas per day.

The Tupi-P1 FPSO is located close to the 3-RJS-646 well (known as Tupi Sul) where the FPSO Cidade de Sao Vicente has been conducting an extended well test (EWT) since May 2009. The EWT has produced 7 million barrels of oil to date.

BG Group Chief Executive Frank Chapman said: "The extensive exploration and appraisal programme, and subsequent analysis to date, confirms the huge resource potential, excellent reservoir characteristics and robust economics of the Tupi/Iracema discovery. Extended well testing and the commissioning of the first permanent Tupi facilities, delivers tangible momentum and certainty to our development plans in a play that underpins a substantial part of BG Group's growth plan extending over the next decade."

Notes to Editors:
BG Group has a 25% interest in the BM-S-11 concession, offshore Brazil which contains the Tupi-Iracema discoveries. Petrobras, operator (65%) and Petrogal (10%).

BG Group also has interests in four other concessions in the deep water Santos Basin: BM-S-9, 10 and 50, which are operated by Petrobras; and BM-S-52, which is operated by BG Group.

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.

For further information visit: www.bg-group.com

BG Group announces first production from 100 000 barrel per day facilities on Tupi field, offshore Brazil

---