Petrobras inaugurates US$900-million oil rig

22 August 2007

Rio de Janeiro, Brazil, 22 Aug – Brazilian state oil company Petrobras Tuesday in Rio de Janeiro inaugurated an oil rig with a capcity to process 180,000 barrels per day, compress 6 million cubic meters of gas and store up to 2 million barrels of oil.

The P-54 rig cost US$900 million and together with the P-52 rig, launched in June, is part of the Campo de Roncador development program, in the Campos Basin, in the state of Rio de Janeiro.

This unit, of the FPSO type (Floating, Production, Storage and Offloading), was built based on the conversion of the Barão de Mauá ship, which was part of the Petrobras fleet.

At the ceremony, the chairman of the state company, José Sérgio Gabrielli de Azevedo, made mention of the recently announced strategic plan, which includes investments of US$112 billion. (macauhub)