EQUINOR AND PARTNERS TAKE FINAL INVESTMENT DECISION FOR BM-C-33 OFFSHORE BRAZIL
Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately USD 9 billion.
Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels of oil equivalent.
The concept selected for BM-C-33 is based on an FPSO (Floating production storage and offloading unit), capable of processing gas and oil/condensate and specifying these for sale without a need for further onshore processing.
The FPSO’s production capacity is of 16 million cubic meters of gas per day with average exports expected of 14 million cubic meters of gas per day. Start-up is planned in 2028.
First discovery was made by Repsol Sinopec in 2010 and Equinor became operator in 2016. The license is located approximately 200 km from shore, in water depths up to 2900 m.