Trump’s Return to OPEC Politics Muddies Oil Talks Next Month
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Petrobras announced today production has commenced at their P-61 platform in the Papa-Terra field located at the southern end of the Campos Basin.
The P-61 is the first tensioned leg wellhead platform (TLWP) to be installed in South America and is anchored to the seafloor 110 kilometers offshore in water depths of around 1,200 meters.
The P-61 TLWP and the adjacent P-63 FPSO complete a complex system that is designed to produce hydrocarbons from the Papa-Terra field. Chevron, a 37.5% partner on the field notes heavier-oil production wells will lead to P-61 while lighter-oil production wells will tie back to the P-63 FPSO.
Petrobras notes the P-61 topsides facility was built at Keppel FELS shipyard and the hull and final assembly was completed at the BrasFELS shipyard in Angra dos Reis, Rio de Janeiro.
The offshore installation was completed by McDermott in April 2014.
All produced hydrocarbons from P-61 are subsequently transferred via flexible pipes to the P-63 which has capacity to process 140,000 barrels per day (bpd) and 1 million m³ of gas.
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