Name and Location
Libra presalt field development project, Santos basin, Brazil.

Client
Libra Oil & Gas, a consortium comprising operator Petrobras (40%), Total (20%), Royal Dutch Shell (20%), the China National Petroleum Corporation (10%) and China National Offshore Oil Corporation (10%).

Project Description
The Libra field contains an estimated recoverable reserves of 8-million barrels to 12-million barrels.

The project involves the development of a megafield, which covers 1 550 km² in water depths of 2 000 m and could require as many as 12 floating, production, storage and offloading vessels to develop.

The reservoir depth is about 3 500 m below the sea floor.

Total gross peak oil production could reach 1.4-million barrels a day.

Value
Not stated.

Duration
Oil production is expected to start in the first quarter of 2017.

Latest Developments
Technip has been awarded a contract to supply the first flexible pipes for the presalt project.

The project includes the supply of flexible pipes for the Libra extended well test field. This is one of the first steps of the Libra field development.

This contract covers the supply of high-end flexible pipes, including 8" oil-production, 6" service and 6" gas-injection flexible pipes. Designed to produce the first Libra field oil, the 8" pipes are the first oil production pipes to be installed in a presalt area. Technip’s operating centre in Rio de Janeiro, Brazil, will handle project management and engineering. The highly technological flexible pipes will be produced at Technip’s manufacturing sites in Vitoria and Acu, in Brazil. Delivery is scheduled to start in the second half of 2016.

Key Contracts and Suppliers
Technip (flexible pipes).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Petrobras, tel +55 21 3224 1306 and + 55 21 3224 2312.
Royal Dutch Shell (Brazil), tel +55 21 3984 7413 or +31 70 377 9111 (head office).
Total (head office), tel +33 1 47 44 45 46.
China National Petroleum Corporation, tel +86 10 6209 4114, fax +86 10 6209 4205 or email admin_eng@cnpc.com.cn.
China National Offshore Oil Corporation, tel +86 10 8452 6642, fax +86 10 8452 1441 or email MR@cnooc.com.cn.
Technip, Laure Montcel, tel +33 1 49 01 8781 or email press@technip.com.