“Once the FPSO reaches plateau over the next few years, Galp’s production in Brazil will increase by around 40 per cent,” Bastos, who heads the upstream business, told reporters on the sidelines of an energy conference late on Wednesday.
It took 11 months for another FPSO in the Tupi-Iracema field, in the same basin, to get from the first oil to its maximum steady production capacity of 150,000 boepd, and in Bacalhau it should take longer as in this case the plateau is 220,000 boepd.