Equinor and partners announce final investment decision for BM-C-33, in Brazil

Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the expense determination to produce the BM-C-33 undertaking in Brazil. The expenditure is of approx. USD 9 billion.

Positioned in the Campos Basin, BM-C-33 comprises three distinctive pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing normal gasoline and oil/condensate recoverable reserves higher than one billion barrels of oil equivalent.

The notion selected for BM-C-33 is based on an FPSO (Floating output storage and offloading device), capable of processing fuel and oil/condensate and specifying these for sale without the need of a will need for further more onshore processing.

The FPSO’s manufacturing capacity is of 16 million cubic meters of gas per day with average exports predicted of 14 million cubic meters of gasoline for each working day. Commence-up is planned in 2028.

‘The remaining financial investment decision of BM-C-33 is an crucial milestone for the associates and for Equinor. Jointly with partners and suppliers we have produced a important job which will offer Brazil with energy to fulfill its escalating energy requires and make worth for proprietors and society, contributing to nearby industrial enhancement. Brazil is a person of Equinor’s core areas and the expenditure in BM-C-33 emphasizes the strategic importance of our Brazilian portfolio,’ claims Geir Tungesvik, govt vice president for Assignments, Drilling & Procurement.

‘BM-C-33 is just one of the main assignments in the nation to convey new supplies of domestic gasoline, being a critical contributor to the even more progress of the Brazilian gas current market. Gas exported from the project could characterize 15% of the full Brazilian gasoline demand at commence-up. Its growth will also lead to the strength safety and financial enhancement, enabling a great deal of new occupation alternatives regionally,’ says Veronica Coelho, Equinor’s State Manager in Brazil.

Engineering and small carbon initiatives driving the job

BM-C-33 will be Equinor’s second FPSO in Brazil making use of merged cycle gasoline turbines, significantly lessening carbon emissions all through operations.

The technological innovation will also be utilized in Bacalhau, in the Santos Basin, and it combines a gas turbine with a steam turbine to acquire gain of the extra heat that would in any other case be lost. By utilizing this know-how, the common CO2 depth of BM-C-33 over its life time will be reduced than 6 kilos for each barrel of oil equal.

BM-C-33 will be the very first job in Brazil to treat the gasoline offshore and be related to the national grid without having further more onshore processing. The profits gas is planned to be exported via a 200 kms offshore fuel pipeline from the FPSO to Cabiúnas, in the town of Macaé, in the state of Rio de Janeiro. Liquids are planned to be offloaded by shuttle tankers.

Info about BM-C-33

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• Associates: Equinor 35 % (operator), Repsol Sinopec Brasil 35 %, Petrobras 30%

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• Discoveries ended up designed by Repsol Sinopec in 2010

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• Equinor became the operator in 2016

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• The block is positioned in the Campos Basin pre-salt in Brazil

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• The license is positioned roughly 200 km from shore, in h2o depths up to 2900 m

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• It is made up of recoverable purely natural gas and oil/condensate of higher than 1.0 bn boe

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• Gas export capability is 16 MSm3/sd. It can depict 15% of the Brazilian fuel demand at start-up

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• FPSO potential is somewhere around 126,000 bpd

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• Start off-up is anticipated in 2028

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Primary write-up hyperlink

Resource: Equinor