Santos basin field on hold

摘要

BRAZIL'S Petrobras has approved the mothballing of a fixed production platform operating in the shallow-water Merluza field in the Santos basin off Brazil. Output from the PMLZ-1 platform had already been interrupted since March following the abrupt drop in natural gas demand on the heels of the Covid-19 pandemic. With the move to deactivate the platform, Petrobras intends to reduce operating expenses and transfer its workers to other offshore units. In February, Petrobras unveiled plans to sell its 100% stake in the Merluza and adjacent Lagosta development. Both fields were producing via the PMLZ-1 platform. According to Petrobras, the deactivation will not impact the divestment process and the gas supply to the region.