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Petrobras gets permit for U.S. deep waters
http://www.upi.com ^

Posted on 03/23/2011 9:59:17 AM PDT by Lucky9teen

WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said.

The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico.

The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico.

The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of 80,000 barrels of oil and 16 million cubic feet of natural gas per day.

The BOEMRE approved the production safety system permit and a supplemental deep-water operating plan from Petrobras. The regulatory agency said it was satisfied that operations would be safe from hurricanes and other natural disasters.

"These regulatory approvals pave the way for safe, new production of oil and gas resources in the Gulf of Mexico," BOEMRE Director Michael R. Bromwich said in a statement.

Noble Energy in early March was awarded a BOEMRE permit to drill in the Mississippi Canyon block about 70 miles south of the Louisiana coast.

The permit was for what the BOEMRE described as a bypass well meant to drill around a mechanical problem in the original hole.

Deep-water exploration is under scrutiny following the April oil spill in the Gulf of Mexico. The U.S. government lifted a moratorium on deep-water drilling in October, six months after the Deepwater Horizon oil rig caught fire and sank in the Gulf of Mexico.

(Excerpt) Read more at upi.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: 201004; 201010; 201103; bigoil; boemre; boemrepermit; brasil; brazil; cascadechinook; cliffeflaborde; cliffelaborde; debt; deepwater; deepwaterhorizon; drill; drilling; energy; fpso; gas; gascompanies; gulf; gulfcoast; gulfofmexico; laborde; labordemarine; louisiana; mississippicanyon; nationaldebt; naturalgas; noble; nobleenergy; obama; offshore; offshoredrilling; oil; oilcompanies; oilstorage; oilwell; peterlaborde; petrobras; quantumfund; redneckriviera; soros
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The Brazilian government is the fourth largest foreign holder of U.S. debt. Any questions?

1 posted on 03/23/2011 9:59:23 AM PDT by Lucky9teen
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To: Lucky9teen

Surprise surprise...

Obama has had a hell of a week.

He’s given the GOP enough material to keep a Dem out of office in the W/H for 16 yrs...


2 posted on 03/23/2011 10:00:32 AM PDT by Professional
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To: Lucky9teen
And I'm sure that the fact that Obozo sock puppet master George Soros is heavily invested in Petrobras is just a coincidence.
3 posted on 03/23/2011 10:02:36 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Lucky9teen

Please read tagline....


4 posted on 03/23/2011 10:02:49 AM PDT by Mortrey (Impeach President Soros)
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To: Lucky9teen
Obama spreads the wealth overseas and spreads poverty domestically. That is some leader.
5 posted on 03/23/2011 10:05:32 AM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: Lucky9teen

drill baby drill...but only for brazil...

In our own waters...taking OUR NG....

Treason.


6 posted on 03/23/2011 10:05:32 AM PDT by Crim
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To: Lucky9teen

Perfect precidence for lawsuit to open access for U.S. companies.

Except the administration will ignore the court orders...


7 posted on 03/23/2011 10:05:50 AM PDT by G Larry
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To: oyez

It’s a socialist thing...you wouldnt understand...


8 posted on 03/23/2011 10:07:24 AM PDT by Crim
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To: Lucky9teen

Cronyism at its best....Barry pays Soros handsomely!

That’s the Chicago way!


9 posted on 03/23/2011 10:07:46 AM PDT by Bigtigermike
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To: Professional

Unfortunately I think the answer is “you wish.” ALL of TV loves Obama. Fox even covers for him with O Reilly and Beck making fund of birthers. F TV.


10 posted on 03/23/2011 10:08:58 AM PDT by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Lucky9teen
Obama is handing over our national treasures to foreign interests.

And not one word from any "Republican".

11 posted on 03/23/2011 10:09:46 AM PDT by Obadiah (If you were going to shoot a mime, would you use a silencer?)
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To: Lucky9teen; All

What’s next, permits for foreign oil companies to drill in Texas and Alaska?


12 posted on 03/23/2011 10:10:31 AM PDT by A. Morgan
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To: Lucky9teen

Where is Forrest Taft (Steven Seagal) when you need him?


13 posted on 03/23/2011 10:11:37 AM PDT by moovova (Obama...a president who can’t decide if today is Tuesday or Wednesday...)
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To: Obadiah

So far the House GOP “leadership” is a BIG JOKE!


14 posted on 03/23/2011 10:11:46 AM PDT by A. Morgan
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To: Lucky9teen

How are we in debt. Countries owe us so much money.


15 posted on 03/23/2011 10:12:44 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: oyez

This is some criminal.


16 posted on 03/23/2011 10:12:53 AM PDT by sappy (let taxpayers bargain collectively)
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To: Lucky9teen

Petrobras also holds stakes in the Saint Malo (25%) and Stones (25%) discoveries, which are believed to hold significant oil reserves.


The FPSO BW Pioneer, constructed in Singapore at the Keppel shipyard, measures 241 m long by 42 m wide.


The FPSO BW Pioneer is moored in 2,600 m of water to a disconnectable turret mooring system that will allow it to disconnect in case of severe weather and later reconnect and continue operations.

Petrobras' Cascade & Chinook inaugurate FPSO production in GOM
http://www.pennenergy.com/index/petroleum/offshore/display/9730791847/articles/offshore/volume-70/issue-12/top-5-projects/petrobras-cascade-chinook-inaugurate-fpso-production-in-gom.html
BW Pioneer is first of its kind in US, world’s deepest ever

The FPSO BW Pioneer, constructed in Singapore at the Keppel shipyard, measures 241 m (791 ft) long by 42 m (138 ft) wide. It is moored in 2,600 m (853 ft) of water to a disconnectable turret mooring system that will allow it to disconnect in case of severe weather and later reconnect and continue operations.

17 posted on 03/23/2011 10:14:11 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

Petrobras is the operator of both units, with 100% ownership of Cascade and 66.67% of Chinook. Total E&P owns the remaining 33.33% of Chinook. Earlier this year, Petrobras exercised its rights to buy out former Cascade partner Devon Energy Corp., which previously held a 50% stake in the field.

The fields were developed using two subsea wells in Cascade and one subsea well in Chinook, approximately 30 km (18 mi) south of Cascade. Each well was drilled to an approximate depth of 27,000 ft (8,229 m), and based on reservoir performance, Petrobras may expand production to additional subsea wells on each field. Output from Cascade and Chinook is expected to reach 80,000 b/d, and is unlikely to exceed that amount until new drilling is allowed.


18 posted on 03/23/2011 10:15:14 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: A. Morgan

You mean like British Petroleum?

They are the largest oil producer in the US.


19 posted on 03/23/2011 10:16:23 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

Impeachment!


20 posted on 03/23/2011 10:18:39 AM PDT by cranked
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