Brazil exports crude from giant Libra block

Brazil exports crude from giant Libra block

Brazil exports crude from giant Libra block

28 February, 2018
Vortexa Analysts
Vortexa Analysts

Brazil exported its first cargo from the Mero field, the first discovery within the giant sub-salt Libra block, after production began in November.

The vessel Bossa Nova Spirit loaded a crude cargo from the Mero field, in addition to a cargo from the Lula field. The vessel transferred its cargo via ship-to-ship (STS) transfer onto the VLCC Aries Voyager, which also took on around 1mn bl of medium sweet Sapinhoa crude via STS from the vessel Vigdis Knutsen.  

The co-loaded VLCC is currently heading towards Asia-Pacific, with one possible end-destination being China – Brazil’s top customer.

The Mero field sits in the northwestern part of the Libra project. Libra is operated by Petrobras and a consortium that brings together Total, Shell, Chinese state-owned companies CNPC and CNOOC.

Vortexa Analysts
Vortexa
Vortexa Analysts