FLOATING PRODUCTION UNIT TO WORK OFF BRAZIL

10/19/1992
Petroleo Brasileiro SA expects by early November to deploy its Petrobras XXIV floating production unit (FPU) in about 900 ft of water in Albacora field off Brazil. The FPU was scheduled to depart Galveston, Tex., this month, following completion of modifications and upgrades under a turnkey contract with Chiles Offshore International Inc. Chiles began modifying Petrobras XXIV about 1 year ago as part of a deal closed in October 1991 in which Chiles Offshore Corp. sold the vessel, then known as Intrepid, to Brasoil, the international subsidiary of Petrobras. To work in Albacora, Chiles removed all drilling systems and equipment and insta...
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