Petrobras on FPSO for Parque das Baleias Integrated Project

Immediate Frontier

(Petrobras, 7.Feb.2022) — Petrobras, following up on the release disclosed on 12 November 2021, informs it signed the contracts with the companies Yinson Bergenia Production B.V. and Yinson Bergenia Serviços de Operação LTDA, both from Yinson Production PTE Ltd. Group, for the chartering and provision of services of the Maria Quitéria FPSO for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin.

The contracts follow the same parameters of the letters of intent signed in November 2021. The unit is expected to start production in the fourth quarter of 2024.

The unit will have the capacity to process 100 thousand barrels of oil and 5 million m3 of gas per day. The chartering and service contracts will last 22 years and 6 months from the unit’s final acceptance.

The project foresees the interconnection of 17 wells to the FPSO, nine of them oil producers and eight water injectors.

About the Parque das Baleias Integrated Project

The Parque das Baleias area is formed by the Jubarte, Baleia Anã, Cachalote, Caxaréu, Pirambú and Mangangá fields. The first field, Jubarte, was discovered in 2001. In 2019, Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) entered into an agreement to extend the concession term until 2056 for the new unified Jubarte field, which makes it possible to implement the new production system of the Parque das Baleias Integrated Project, in addition to complementary projects in the area. Currently, four platforms are in operation: P-57, P-58, Cidade de Anchieta FPSO, and Capixaba FPSO, this latter operating only until 2022.

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