By Michael Dabaie

 

Royal Dutch Shell PLC (RDSA) said Friday that production started at the Lula North deep-water project in the Brazilian Santos Basin.

Production at Lula North is processed by the P-67 floating production and storage offloading vessel and is operated by Petroleo Brasileiro SA (PBR).

The production hub is designed to process up to 150,000 barrels of oil and 6 million cubic meters of natural gas per day.

Shell has a 25% stake in the Lula consortium, operated by Petrobras, with 65%. Galp Energia (GALP.LB), through its subsidiary Petrogal Brasil, holds the remaining 10%.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

February 01, 2019 12:00 ET (17:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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