Perenco Brazil starts operations at Pargo FSO offshore Brazil

Dec. 19, 2023
Perenco Brazil began operations from the Pargo floating storage and offloading vessel in Campos basin, offshore Brazil.

Perenco Brazil has started operations from the Pargo floating storage and offloading (FSO) vessel on the Pargo Cluster in Campos basin, offshore Brazil.

Oil now flows from the Pargo platform to the FSO through a new 2.8-km export pipeline. Current production from the Pargo Cluster is about 20,0000 b/d, up from 2,800 b/d when Perenco Brazil took over operations in October 2019.

The vessel’s operational start-up is the culmination of work beginning in October 2021 with its arrival in Dubai for conversion and the subsequent sail away and hook up on location (OGJ Online, May 16, 2023). The FSO is a double-hull vessel with 740,000 bbl of oil storage capacity. It is anchored by nine moorings connected to a new turret system.

The Pargo Cluster Concession comprises Pargo, Carapeba, and Vermelho fields in shallow waters of Campos basin. The area holds eight fixed platforms in water depths up to 100 m. After operation take over in October 2019, the Pargo Cluster Development Plan was formally approved by the Brazilian authorities in 2021, along with extension of Perenco’s rights on the concessions until 2040.

Perenco Brazil holds a 100% stake in the concession.