Brazil's Petrobras delays first oil from Mero Field until Q1 2022

Brazil's Petrobras delays first oil from Mero Field until Q1 2022

From spglobal.com

Brazilian state-led oil company Petrobras will pump first oil from the Mero Field in the Libra production-sharing area in the first quarter of 2022 amid delays in building the field's first floating production unit, the company said April 7. "The FPSO is going through conversion in China and, because of the COVID-19 pandemic, there were delays in work on the unit, with a subsequent adjustment in the project's timeline," Petrobras said. The company had said Feb. 25 that it expected the FPSO Guanabara floating production, storage and offloading vessel to pump first oil in the fourth quarter of 2021, likely close to ... (full story)

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