Petrobras announces that it has approved, together with its partners Equinor and Repsol Sinopec Brasil, the development concept for block BM-C-33, operated by Equinor, located in the pre-salt layer of the Campos Basin, in the state of Rio de Janeiro.

The block is about 200 km offshore and has water depths of up to 2,900m. In BM-C-33 three gas and condensate (light oil) accumulations were discovered: Pão de Açúcar, SEAT and Gávea.

The approved concept is based on production by wells connected to an FPSO (floating production, storage and offloading unit), with capacity to process produced oil/condensate and gas and specify them for sale. Crude will be offloaded by shuttle tankers and the natural gas will be exported to the coast through a subsea pipeline that will connect to a receiving infrastructure located at the Cabiúnas Terminal - TECAB, and then connect to the gas transportation network.

The FPSO's oil/condensate processing capacity will be 20,000 m³/day and gas production capacity will be 16 million m³/day with average natural gas export flow rate of 14 million m³/day.

The dates for the next decision-making milestones and the start of production are still to be defined within the partnership, led by the block operator. The partnership for the development of this concession is composed by Equinor (35% - operator), Repsol Sinopec Brasil (35%) and Petrobras (30%).