Equinor and partners announce FID for BM-C-33 in Brazil

Equinor, 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 9bn.
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.
BM-C-33 will be Equinor’s second FPSO in Brazil using combined cycle gas turbines, significantly reducing carbon emissions during operations.

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