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Stock impact report

Seatrium to Deliver FPSO for Petrobras' Buzios Operations [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
production storage and offloading vessels (FPSOs) to Brazil's Petroleo Brasileiro S.A (Petrobras). Upon delivery, the PETROBRAS 78 (P-78) FPSO will be deployed in Brazil's Buzios deepwater oilfield, with a production capacity of 180,000 barrels of oil per day (bopd), 254.2 million cubic feet (7.2 million cubic meters) of gas per day, and a storage capacity of 2 million barrels of oil, Seatrium said in a news release. The P-78 FPSO will “rank among the largest in the global operating fleet of FPSOs, the company said. First oil is expected in December and will increase the field's current installed production capacity by approximately 18 percent to approximately 1.15 million barrels per day, Petrobras said in a separate statement. The platform will be towed to the location with a crew onboard, which will allow production to begin approximately two weeks earlier, according to the statement. Manned transportation allows several complex FPSO systems to be maintained in operationa Show less Read more
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