Built from the conversion of the Barao de Maua vessel that belonged to Petrobras’s fleet, the P-54 is capable of compressing six million cubic meters of gas per day and of storing up to two million barrels of oil.

The P-54 is a floating production, storage, and offloading (FPSO) production platform. It will be anchored at a surface water depth of 1,400 meters and will be interconnected to 17 wells, 11 of which are oil and gas producers, and six of which are water injectors.

The company said that the new platform is expected to reach peak production in the second half of 2008. Until then, the unit will also reach its peak gas outflow level of 1.8 million cubic meters per day. Oil production outflow would be performed by relief vessels, while the gas would be transported over submarine pipelines to the mainland.

The FPSO was built in a modular fashion, in 41 months, after three agreements were signed in June 2004. The Dresser Rand-Maua Jurong consortium built the gas compression modules, while Nuovo Pignone made the power generation modules. The Jurong Shipyard was in charge of converting the hull, of manufacturing the remaining process and utility modules and of unit integration.