Galp announces tenth floating oil, gas production unit in Brazil

Galp Energia, Portugal’s leading oil and gas company and a major generator of power, has said FPSO platform P-68, a floating unit for production, storage and transfer of oil and gas, in the pre-salt of the basin of the Brazilian city of Santos, the tenth in the country, has come on-line.

“FPSO P-68 is the tenth unit of the company operating in Brazil and will make an important contribution to the growth trajectory of Galp’s production in the country,” the company said in a statement sent to the Portuguese Securities Market Commission (CMVM) on Thursday.

Galp Energia, a partner in the BM-S-11A consortium through Petrogral Brasil, said that the new production unit will develop the pre-salt region of the Santos Basin.

“The commercial potential of these fields is supported by an extensive base of resources, which contains high-quality oil with a low sulphur content, as well as associated natural gas,” the company said, explaining that the new platform was specifically designed to operate in pre-salt projects in the Santos Basin, with capacity to process 150,000 barrels of oil and 6 million cubic metres of natural gas per day.

The platform is of the FPSO type (floating unit for production, storage and transfer of oil and gas) and is located approximately 230km from the coast of the state of Rio de Janeiro, anchored at a water depth of 2,280m.

According to information from Galp Energia, FPSO P-68 is expected to be interconnected to a total of 10 producing wells and seven injectors.

In terms of participation in the consortium that develops block BM-S-11A, Galp, through its subsidiary Petrogal Brasil, has 10%, Petrobras has 42.5%, Shell Brasil Petróleo Ltda. has 25% and Total E&P do Brasil Ltda. the remaining 22.5%.

According to Galp Energia’s statement to the market, the Berbigão and Sururu accumulations are subject to unitisation processes and the agreements for individualisation of production were submitted to the ANP (National Agency of Petroleum, Natural Gas and Biofuels) and are still pending approval by the regulator.