Report summaryItapu (formerly Florim) is a pre-salt oil and gas discovery located in the Santos basin of Brazil. The field's reserves were included as part of the Transfer of Rights (TOR) agreement between the Brazilian government and Petrobras, signed in September 2010. Additional reserves were discovered in the area and are known as the surplus volumes, which will be produced under a production sharing contract.We assume a 150,000 b/d FPSO will be leased for the development. As an alternative, one ...
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