Total: FPSO unit starts offshore Brazil
(CercleFinance.com) - Total has announced the start-up of the second floating production, storage and offloading (FPSO) unit, P-70, of the Iara project (Block BM-S-11A) located in deep water of the Santos pre-salt basin, offshore Brazil.
With a capacity of 150,000 barrels of oil per day, this new unit will double Iara's production, which began in November 2019 with the P-68 FPSO on the Berbigao field, and which will produce the reserves of the Atapu field.
For the record, Total acquired a 22.5% stake in Block BM-S-11A on 12 January 2018, thereby becoming a partner of the operator Petrobras (42.5%), Shell Brasil Petróleo (25%) and Petrogal Brasil (10%).
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