SBM OFFSHORE - FIRST OIL ON FPSO ESPIRITO SANTO>

SBM OFFSHORE - FIRST OIL ON FPSO ESPIRITO SANTO>

ID: 3578

SBM OFFSHORE - FIRST OIL ON FPSO ESPIRITO SANTO

(Thomson Reuters ONE) - 1. First Oil on FPSO Espirito SantoSBM Offshore N.V. is pleased to announce that the FPSO EspiritoSanto, located in the BC-10 deep water field development in theCampos Basin offshore Brazil, has achieved first oil production on 13July 2009.The FPSO is chartered by the BC-10 Joint Venture, which is operatedby Shell with ONGC Campos Ltda. and Petróleo Brasilieiro S.A.(Petrobras) as co-venturers, from SBM Offshore in joint venture withMISC, under a fifteen year lease and operate contract.The FPSO is moored in 1,789 metres of water depth and is designed toprocess 100,000 barrels of oil per day with gravity ranging from 16ºAPI to 42º API, and to treat up to 45 MMSCFD of gas for injection orexport. It is the deepest moored FPSO of the SBM fleet and the firstturret moored FPSO in the world using steel catenary risers for fluidtransfer. All project activities including engineering, procurement,project management, construction supervision and commissioning wereperformed using in-house personnel from the SBM Offshore Group. SBMOffshore in joint venture with MISC will also operate the unitoffshore Brazil.The lease and operate contract was signed in November 2006, theconverted FPSO arrived in Brazil in December 2008 and first oilproduction was achieved less than two weeks after successful hook-upof the last steel catenary riser.Tony Mace, CEO of SBM Offshore: "Last month has been a very intensiveperiod for the Company in which we have seen the conclusion of threeyears of hard work with the completion and start up of three majorfloating production units representing a design process capacity of260,000 barrels of oil per day.Production commenced on the FPSO Espirito Santo in Brazil and on theThunder Hawk Semi in the Gulf of Mexico, which are both substantialassets in SBM Offshore's lease fleet of seventeen units. In theturnkey segment we completed delivery and commenced production on theFPSO Frade in Brazil and will operate that unit for another threeyears as well."Contact person: Mr. Sebastiaan de Ronde BresserTelephone: (+377) 92 05 85 15Mobile: (+33) 643 919 312Fax: (+377) 92 05 89 40E-mail: sebastiaan.derondebresser(at)sbmoffshore.comWebsite: www.sbmoffshore.comTo see the full version of the Press Release please click on the linkbelow.http://hugin.info/130754/R/1328872/313440.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 15.07.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 3578
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