Fossil Energy – Subsea Pipelines
Brazilian oil company Prio has received an installation license from Brazil’s environmental agency Ibama to hook up wells at its Wahoo field to its offshore production platform.
The firm said it expects to begin oil production at the field between March and April next year and projects the development will cost around $870 million.
The license approval, first reported by Reuters, allows Prio to connect oil wells in the Wahoo field to its floating production, storage and offloading (FPSO) unit located in the Frade field.
The Wahoo field is the first fully developed field by PRIO. Production will be made possible by a subsea tieback of approximately 30 km in length, connecting Wahoo to the Frade FPSO vessel Frade, which has a processing capacity of 100,000 barrels of oil per day.
