Chevron Corporation's Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil.
Chevron holds a 37.5% interest in the Papa-Terra field, with Petrobras, the project operator, has the remaining 62.5%.
Papa-Terra is about 110km southeast of Rio de Janeiro in about 3900ft water depth (1,190m), and is a heavy oil development within Block BC-20 of the southern Campos basin.
Discovered in 2003, the Papa-Terra field development features an FPSO and the first tension leg wellhead platform in Brazil, which is expected to start production in 2014.
Papa-Terra has installed capacity to produce 140,000 bbl/d.
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