Petrobras (PBR) signs a contract to lease an FPSO vessel for its Iracema Norte subsalt field in...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) signs a contract to lease an FPSO vessel for its Iracema Norte subsalt field in the Santos Basin offshore Brazil. The platform will be able to process up to 150K barrels of oil and 8M cubic meters of natural gas per day. Iracema Norte has yielded some of the largest oil discoveries in the last 20 years.