trending Market Intelligence /marketintelligence/en/news-insights/trending/mfbkhmrxlwhj5tvs_mfvpq2 content esgSubNav
In This List

Libra Consortium wraps up extended well tests in Mero field offshore Brazil

Blog

Insight Weekly: SVB fallout limited; US rents up; renewable natural gas investments flow in

Podcast

Master of Risk | Episode 1: Discussion with Natalia Hunik, CRO, Cubelogic

Blog

A Cloud Migration Plan for Corporations featuring Snowflake®

Blog

Investor Activism Campaigns Hit Record High in 2022


Libra Consortium wraps up extended well tests in Mero field offshore Brazil

The Petróleo Brasileiro SA - Petrobras-led Libra Consortium on Oct. 2 completed its extended well test in the Mero field in the Libra block of the Santos Basin offshore Brazil, according to an Oct. 4 news release.

The floating production storage and offloading, or FPSO, vessel Pioneiro de Libra carried out the tests, which started in November 2017, with the well producing 58,000 barrels of oil equivalent per day. The FPSO has a processing capacity of up to 50,000 barrels of oil per day and 4 million cubic meters of associated gas per day.

Following the conclusion of the tests, the FPSO Pioneiro de Libra will operate the early production systems in other wells in the Mero field.

The Libra block is being developed by the Libra consortium, which consists of Petrobras with a 40% interest, along with Royal Dutch Shell PLC, TOTAL SA, China National Petroleum Corp. and CNOOC Ltd. which hold stakes of 20%, 20%, 10% and 10%, respectively. Pré-Sal Petróleo – PPSA manages the production sharing contract.