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Stock impact report

FPSO Alexandre de Gusmão commences production in Mero field [Yahoo! Finance]

Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
The vessel, chartered from SBM Offshore, boasts a daily production capacity of 180,000 barrels of oil and can process 12 million m³ of gas per day. The FPSO Alexandre de Gusmão joins four other platforms in the Mero field, increasing the total installed production capacity from 590,000 to 770,000 barrels per day (bpd), marking a substantial 31% rise. A total of 12 wells will be connected to the FPSO, comprising five oil producers, six water or gas injectors, and one convertible well. The intelligent completion technology employed in these wells allows for remote adjustments of production and injection intervals, optimising output and minimising risks. Petrobras has also equipped the platform with the capability to operate the HISEP (High Pressure Separator) technology in the future. This patented system enables the separation of oil and CO2 rich gas subsea, with the latter being reinjected back into the reservoir, a move that could further enhance production efficiency. T Show less Read more
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