Petrobras Exits Lapa Offshore Oil Field

September 2, 2021

World Energy Reports LLC.
FPSO Cidade de Caraguatatuba MV27.jpg

Brazilian oil company Petrobras has sold its remaining stake in the Lapa offshore oil field in Brazil's Santos Basin to the French oil firm TotalEnergies.

The Brazilian national oil company said Wednesday said that the deal was concluded with the payment of $49.4 million to Petrobras.

The Lapa field, located in the Santos Basin pre-salt, started producing oil in 2016, via the MODEC-supplied FPSO Cidade de Caraguatatuba MV27.

Moored about 300 kilometers south of Rio de Janeiro in water depths of 2,126 meters, the FPSO is capable of processing 100,000 barrels of oil and 177 MM standard cubic feet of gas per day and has a storage capacity of 1,600,000 barrels of crude oil.

Petrobras said that the offshore oil field's average production in the first half of 2021 was 50.7 thousand boe/day, of which 5.07 thousand boe/day was Petrobras' share.

With the closing of the transaction, Petrobras will exit the Lapa field, while TotalEnergies, which is already the field operator, will hold 45%.  The other partners in the field are Shell Brasil Petróleo (30%) and Repsol Sinopec Brasil (25%).
 

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo