Equinor and partners chooses FPSO for Brazil gas project
22 Mar 2021 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

Operator Equinor and partners have approved the development concept for Block BM-C-33, located in the pre-salt layer of the Campos Basin offshore Brazil.

The project consists of subsea wells connected to a FPSO estimated to be installed at the field for 30 years, with capacity of processing 565MMscf/d of gas, and 20,000 cubic meters of condensate per day. A newbuild hull has been selected to accommodate for 30 years lifetime of the field. The gas will be exported via an integrated offshore gas pipeline from the floater to a new dedicated onshore gas facility inside the Petrobras TECAB site at Cabiunas. Details on the next decision gates and start of production have yet to be concluded.

The BM-C-33 block contains the Pao de Acucar, Gavea and SEAT discoveries, and holds a substantial volume of gas. Equinor states that "a completion of the ongoing liberalization of the natural gas market in Brazil in line with the current plan, is key for the further development of the project." Equinor is the operator of the block with a 35% stake, in partnership with Repsol (35%) and Petrobras (30%). Water depth in the area is approximately 2,900 m.