Petrobras has confirmed the first oil from a new floating production, storage, and offloading (FPSO) unit, owned by the Netherlands-based SBM Offshore, as the vessel has begun operations at a huge field in the pre-salt Santos Basin off the coast of Brazil.

Almirante Tamandar Santos Basin Brazil PPSA Joaquim Marques Lisboa Marquis of Tamandar Imperial Army Sal Petr Almirante Barroso Brazilian Chinese CNOOC CNODC PSCs Union