Cidade de Itajaí FPSO (CDI), which marks nine years of operation in February, reached the mark of 1 million m³ of oil produced in the Baúna Field, in the Santos Basin, since the signing of the service and charter contracts with Australian Karoon, in November 2020. The unit operated by the Altera&Ocyan joint venture (a partnership between Ocyan and Altera Infrastructure) displays performance indicators that underline its success.

"Achieving this production is a huge accomplishment for us, but more important than that, is to have done it focusing on safety, asset maintenance and fulfilling the expectations of our new client. The Cidade de Itajaí FPSO is an important part of our history, not only for its performance and achievements over these nine years, but for being the first vessel to be operated by Altera&Ocyan. "Bárbara Figueira, Cidade de Itajaí's operations engineer, highlights.

“The challenges of operating a mature field are huge. With a strong focus on asset maintenance and integrity, Karoon, in these first 15 months of operation, prioritized operational safety and process plant integrity in partnership with A&O. The next few months will be important milestones for the project, with a significant increase in production due to the well intervention campaign and connection of the Patola accumulation.” Silvia Latorre, Karoon´s Operation Manager

"This FPSO stands out for its exceptional operational uptime performance since the commencement of operations in 2013. Last semester, for example, the asset had an operational uptime of 99%," recalls Thiago Rinaldi, Cidade de Itajaí operations manager

Cidade de Itajaí FPSO

Built at the Jurong Shipyard in Singapore, the Cidade de Itajaí FPSO arrived in Brazil on December 29, 2012, and began operating on February 16, 2013. Since then, it has produced over 18 million cubic meters of oil, equivalent to about 116 million barrels of oil.

The vessel is capable of operating in water depths of up to 1,000 meters, and is able to produce 80,000 barrels of oil per day and compress 2 million cubic meters of gas per day

Currently, it accounts for a total of 105 offshore workers, among Brazilians and expatriates, and a POB of approximately 70 people

Cidade de Itajaí is the first production unit operated by Altera&Ocyan, which also relies on the Pioneiro de Libra FPSO, located in the Mero Field and operated by Petrobras, in the Libra Block, the largest Brazilian pre-salt reservoir

The Cidade de Itajaí FPSO is currently under fixed contract until 2026. Considering the investments being made by Karoon, aiming to increase production, A&O can already envision the possibility of this partnership going beyond 2027.

About Altera Infrastructure 

Altera Infrastructure is a global leader in energy infrastructure services focused primarily on the ownership and operation of critical infrastructure assets in the offshore oil regions in the North Sea, Brazil, and the East Coast of Canada. Altera Infrastructure have over 2000 employees, assets valued at approximately $5 billion, comprised of over 50 offshore assets including FPSOs, shuttle tankers, tugs and a maintenance and safety unit. More information about Altera Infrastructure can be found at www.alterainfra.com.

Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.

Altera Infrastructure has consolidated assets of approximately $3.9 billion, comprised of over 40 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including one new build), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels and a unit for maintenance and safety (UMS). The majority of Altera Infrastructure’s fleet is employed on medium-term, stable contracts. Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructure’s general partner.

Altera Infrastructure L.P.’s preferred units trade on the New York Stock Exchange under the symbols “ALIN PR A”, “ALIN PR B” and “ALIN PR E”, respectively.

About Ocyan 

Ocyan is a company with a sustainable mindset and expertise to provide solutions to the upstream oil and gas industry offshore Brazil and abroad. Its core values are the safety of its personnel and the operation, the reliable partnership with clients, and the commitment to ethics and transparency. The company also encourages diversity and inclusion inside and outside the company. The company's fleet currently comprises five drilling units and two FPSO (floating, production, storage, and offloading) vessels. Ocyan also develops SURF projects, manufacture, and installation of subsea equipment, and provides offshore maintenance services. More information is available at: www.ocyan-sa.com.