Brasilia, February 4 - Neftegaz.RU. Lula North area in the Santos Basin started oil and gas production.
Shell, through its subsidiary Shell Brasil Petróleo Ltda., announces this on Fabruary 1, 2019.
Production at Lula North is processed by the P-67 floating production and storage offloading vessel (FPSO) and is operated by Petrobras.
The production hub is the 7 FPSO deployed at Lula and the third in a series of standardized vessels built for the consortium.
It is designed to process up to 150,000 barrels of oil and 6 million cubic meters of natural gas per day.
Shell and its partners began production at Lula Extreme South with the P-69 FPSO in October 2018.
Shell has a 25 percent stake in the Lula consortium, operated by Petrobras (65 percent).
Galp, through its subsidiary Petrogal Brasil, holds the remaining 10 percent interest.
Discovered in 2006, Lula is the largest producing field in Brazil and accounts for 30 percent of the country’s oil and gas production.
Shell’s interest in the Lula field is subject to unitization agreements.
The entire BM-S-11 concession includes nine FPSOs, the 2 additional are in the Iracema field.
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