Equinor and partners to invest $9 B in new gas field off Brazil
(Reuters) - Equinor and its partners have decided to invest about $9 B to develop the BM-C-33 gas and condensate discovery off Brazil Norwegian company said on Monday.
The field which is estimated to hold more than one billion barrels of recoverable oil equivalent is expected to start production in 2028.
"Gas exported from the project could represent 15% of the total Brazilian gas demand at start-up," Equinor said in a statement.
"Its development will also contribute to the energy security and economic development, enabling a lot of new job opportunities locally," it added.
Gas from the offshore field will be directly injected into the national gas grid via a 200 kilometers pipeline landing at the city of Macae in the state of Rio de Janeiro.
Oil liquids are planned to be offloaded by shuttle tankers.
Equinor has a 35% stake in the project, while Repsol Sinopec
Related News
Related News
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
- U.S. LNG exports primed to jump as price arb to Europe opens wide
Comments