Trade Resources Company News PB Project: Lula Alto Oilfield Put Into Production

PB Project: Lula Alto Oilfield Put Into Production

Lula Alto pre-salt oilfield of SIPC Brazil's PB project went into production recently. The Lula Alto oilfield, in the middle part of Lula oilfield in the BM-S-11 block of Santos Basin, produces 30,000 bpd of crude oil and 1 million cubic meters of natural gas per day. Four production wells and three injection wells will be put into production by the end of this year as planned. It is estimated that the oilfield would realize the transportation of natural gas by in May,2016 and reach production peak in 2018.

Source: http://www.sinopecgroup.com/group/en/Sinopecnews/20160412/news_20160412_340321663815.shtml
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Topics: Metallurgy