Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell), announces with consortium partners, the start of production at the Lula North deep-water project in the Brazilian Santos Basin.
Production at Lula North is processed by the P-67 floating production and storage offloading vessel (FPSO) and is operated by Petrobras. The production hub is the seventh FPSO deployed at Lula and the third in a series of standardized vessels built for the consortium. It is designed to process up to 150,000 barrels of oil and 6 million cubic meters of natural gas per day.
Shell and its partners began production at Lula Extreme South with the P-69 FPSO in October 2018.
Shell has a 25% stake in the Lula consortium, operated by Petrobras (65%). Galp, through its subsidiary Petrogal Brasil, holds the remaining 10% interest. Discovered in 2006, Lula is the largest producing field in Brazil and accounts for 30% of the country’s oil and gas production.
