SBM Offshore N.V.
amsterdam : SBMO

June 11, 2013 01:30 ET

SBM Offshore Starts Oil Production on FPSO Cidade de Paraty for Pre-Salt Field Lula Nordeste

SCHIEDAM, THE NETHERLANDS--(Marketwired - Jun 11, 2013) -

FPSO Cidade de Paraty on hire

SBM Offshore is pleased to announce FPSO Cidade de Paraty is formally on hire since 7 June 2013, following full systems acceptance by our client and continues to ramp up oil production.

The facility has been constructed in 34 months from Letter of Intent in June 2010, in line with expectations and meets the local content requirements for Brazilian FPSOs. The FPSO will operate under twenty year charter and operate contract on the Lula Nordeste development in the pre-salt area, offshore Brazil.

The Lula field is located in block BM-S-11 in the Santos basin at approximately 300 kilometres offshore and 2,100 metres water depth. FPSO Cidade de Paraty is a new generation 3 FPSO and has installed topside facilities with a weight of around 14,000 tons to process 120,000 bpd of oil, associated gas treatment for 5,000,000 Sm(3)/d with compression and carbon dioxide removal and a water injection facility for 150,000 bpd.

The unit is owned and operated by a consortium of affiliated companies of SBM Offshore, QGOG, Nippon Yusen Kabushiki Kaisha (NYK), and ITOCHU Corporation (ITOCHU).

The Board of Management
Schiedam, 11 June 2013

SBM Offshore Press Release 11 June 2013:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE


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