3rd Aug 2015 06:12
LONDON (Alliance News) - BG Group PLC on Monday said it has generated the first oil from the Cidade de Itaguaí floating production, storage and offloading vessel in the Santos Basin, offshore Brazil.
The FTSE 100-listed oil and gas producer, which is being acquired by bigger rival Royal Dutch Shell PLC, said the vessel is the sixth unit to start production from its Santos Basin discoveries.
It will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block, BG said.
BG has a 25% interest in the Block, with Petrobras, the Brazilian state oil company, owning 65% and Petrogal Brasil SA owning the other 10%.
By Sam Unsted; [email protected]; @SamUAtAlliance
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