SBM Offshore announced that the FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72 hour continuous production test, leading to Production Acceptance Notice (PAN).
The FPSO will operate under a 20-year charter and operate contract with Petrobas S.A., on the Sapinhoá field development in the Brazilian pre-salt.
The unit is owned and operated by a joint venture formed by SBM Offshore (62.25% ownership stake) and its partners.
Adapted from press release by Katie Woodward
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24112014/fpso-achieves-first-oil-production-1853/