FPSO Cidade de Itaguaí. Image courtesy of BG Group/Flickr.

BG Group began production on Monday at its Cidade de Itaguaí floating, production, storage and offloading (FPSO) unit in Brazil’s offshore Santos Basin.

The FPSO will produce from the Iracema North area of the Lula field located in the Petrobras operated BM-S-11 block, BG Group said.

The Cidade de Itaguaí is the sixth unit to start production across the group’s significant discoveries in the Santos Basin and the second leased FPSO deployed on the Iracema development.

 The FPSO is anchored 149 miles off the coast of Rio de Janeiro, about 7,283 feet above the ocean floor.

The Cidade de Itaguaí has an oil processing capacity of 150,000 barrels per day and a gas treatment and compression capacity of 8 million cubic meters per day.

BG Group said the unit is expected to double gross production capacity at the Iracema development to 300 thousand barrels of oil per day and 16 million cubic meters of natural gas per day from the area.

The FPSO will also be able to store 1.6 million barrels of oil.

BG Group has a 25 percent interest in Block BM-S-11.

Brazil’s Petrobras operates the block with a 64 percent stake and Petrogal Brasil holds a 10 percent stake.

BG Group also holds a 30 percent interest in Block BM-S-9 where Petrobras holds a 45 percent operating stake and Repsol Sinopec Brasil holds a 25 percent stake.


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