Petrobras

Petrobras has produced first oil from the giant Libra field offshore Brazil. A statement by partner Total said that field production had begun to flow from the floating production, storage, and offloading vessel Pioneiro de Libra, which has an output capacity of 50,000 B/D. The field partners, Total said, continue to collect data that could support decisions on subsequent development phases. Petrobras is the field operator with a 40% interest. The other project participants are Total (20%), Shell (20%), CNOOC (10%), and CNPC (10%).


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