Galp, partner of the consortium for the development of the Lula/Iracema field, informs that FPSO P-66 started production in the Lula South area, in the pre-salt of the Santos basin, on May 17.

This is the seventh production unit to start operations in the Lula/Iracema field, in just six years, and the first replicant unit to come on stream.

The replication of FPSO units is an innovative concept that has been implemented by the consortium to build six similar FPSOs, specifically designed to operate in the Santos basin pre-salt projects, with a capacity to daily process up to 150 thousand barrels of oil and 6 million m3 of natural gas.

It is expected that P-66 will be connected to ten producer and eight injector wells. This FPSO is located at approximately 290 km off the coast of the state of Rio de Janeiro, anchored at a water depth of 2,150 metres.

The unit’s commercial operation is expected to benefit from the excellent reservoir’s conditions existing in the Lula field, which have been supporting outstanding productivities.

Galp, through its subsidiary Petrogal Brasil, owns a 10% stake in the consortium that develops block BM-S-11. Petrobras is the operator of the Lula/Iracema field, holding a 65% stake, with BG E&P Brasil, subsidiary of Royal Dutch Shell, holding the remaining 25%.

About Galp

Galp is an integrated energy company – finding and extracting oil and natural gas from sites across four continents to deliver energy to millions of customers every day.
We are Portugal’s oil and natural gas integrated operator. Our activities span from exploration and production of oil and natural gas to refining and marketing oil products, natural gas marketing and sales and power generation.

About Petrobras

We have upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.