Libra Consortium announces first oil from Mero-4 FPSO in Brazil pre-salt [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in the Mero field in the Santos Basin offshore Brazil As part of the Mero-4 project, the FPSO will be connected to 12 wells, with an operational capacity of 180,000 barrels of oil production and 12 million cubic meters of gas compression per day (Shell share 19.3%). The FPSO is located 180 kilometres from the coast of Rio de Janeiro in a water depth of approximately 2,000 metres. "Mero-4 is the latest example of how we are working with our partners to unlock value from world-class reservoirs, sustaining material liquids production and providing for the world's current energy needs," said Peter Costello , Shell's Upstream President. "Our Brazil portfolio features long-life assets with high flow rates, resulting in some of our most competitive barrels on both operating cost and carbon footprint." The unitized Mero field is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), T
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