Deepwater Performance in Brazil

The Petrobras P-58 FPSO, which operates on the Baleia Azul field in the Parque das Baleias area, north of the Campos Basin in Brazil, is moored 48 miles / 78 km offshore in a water depth of 4,593 feet / 1,400 meters, and is expected to last 25 years. Oil production, which commenced in March 2014, comes from 19 satellite wells connected individually to the unit.