November 30, 2017
The Libra FPSO Is the First Unit to Produce Oil on the Giant Libra Field
We are pleased to announce that the FPSO Pioneiro de Libra has successfully achieved first oil and commenced its 12-year charter contract on November 30, 2017, with a group of international oil companies, including Petrobras, Total, Shell, CNPC and CNOOC. The Libra FPSO unit is the first unit to produce oil on the giant Libra field, which covers more than 1,500 square kilometers in the Santos Basin.
The Libra FPSO is owned and operated by Teekay Offshore and Odebrecht Oil and Gas (OOG) through a 50/50 joint venture. The FPSO unit, which was converted from one of the Partnership’s shuttle tankers at Sembcorp Marine’s Jurong shipyard in Singapore, is designed to operate at water depths of up to 2,400 meters, with a production capacity of 50,000 barrels of oil per day and daily compression capacity of four million cubic meters of gas.