Petrobras sets platform deal with Modec, announces Sepia field production delay

Modec

19/10/2017 12:03

RIO DE JANEIRO, Oct 19 (Reuters) - Brazil's state oil 
company Petroleo Brasileiro SA  PETR4.SA  said on Thursday it 
has set a deal with Japan's Modec Inc  6269.T  to rent a 
platform for exploration of the Sepia field, whose production 
will be delayed until 2021.  
    The floating, production, storage and offloading (FPSO) unit 
will link 15 wells in the field which is located in the pre-salt 
Santos basin. Petrobras, which did not disclose a price for the 
deal, had previously said that production in the Sepia field 
would begin in 2020.   
 
 (Reporting by Marta Nogueira and Alexandra Alper) 
 ((Alexandra.Alper@thomsonreuters.com; 021-98186-5429; Reuters 
Messaging: alexandra.alper.thomsonreuters.com@reuters.net)) 
 
Keywords: PETROBRAS GRUPOMODEC