Report summarySul de Lula is an extension of the Lula-Iracema field, a giant pre-salt oil and gas discovery located in the Santos basin. 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. Petrobras declared commerciality of Sul de Tupi and renamed it Sul de Lula in December 2013.Petrobras plans to tie-back production from Sul de Lula to the FPSO P-68, which will produce from the extreme ...
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