Perenco Brazil completed hook-up of the floating storage and offloading (FSO) vessel, Pargo, on Pargo Cluster in the Campos basin, offshore Brazil, advancing the ongoing $400-million Pargo Cluster development plan.
The company will now submit final documents to Brazilian regulators with a view to being granted its operations license for the FSO, Perenco Brazil said in a release May 16.
Hook-up included the connection of nine mooring lines and of the new production line from the Pargo platform, all connected to the new turret which was integrated in Dubai as part of the FSO conversion.
The vessel arrived in Brazil in March after its full FSO conversion, as well as the concurrent installation of the FSO mooring system which was completed at end-2022. FSO Pargo is a double-hull vessel built in 2004 with a storage capacity of 750,000 bbl.
Perenco Brazil holds a 100% stake in the Pargo Cluster concession, which comprises Pargo, Carapeba, and Vermelho fields in the shallow waters offshore Rio de Janeiro. The concession area holds eight fixed platforms in water depths up to 100 m.
Production reached 13,000 b/d of oil this year, up from 2,800 bbl when Perenco took over operations in October 2019. The cluster development plan was formally approved by Brazilian authorities in early 2021, along with extension of Perenco’s rights on the concessions until 2040.
