Eric Watkins
Senior Correspondent
LOS ANGELES, July 30 – Devon Energy Corp. (operator with 60% interest) and SK Energy (40%) have started production from Polvo oil field off Brazil, estimated to have 50 million bbl of reserves (OGJ, Feb. 19, 2007, p. 34).
The field lies in 300 ft of water on Block BM-C-8 in the Campos basin off Rio de Janeiro. Gross production is expected to peak by yearend 2008 at 50,000 b/d of crude oil.
Production facilities include a fixed production and drilling platform connected to a floating production, storage, and offloading vessel (FPSO). First sales are expected to begin this October when the first shipment of oil will be offloaded from the FPSO.
Contact Eric Watkins at [email protected].