The Joint Venture Altera&Ocyan Achieved a Significant Milestone in February: The Operation of FPSO Cidade de Itajaí Completed 10 Years, with Over 122 Million Barrels Produced and 3 Million Hours Without Incidents.
The platform ship has safety and performance indices that reinforce the vessel’s success and the operation. Bárbara Figueira, Operations Engineer of the FPSO Cidade de Itajaí, highlighted that “reaching this milestone demonstrates the commitment and competence of the joint venture in ensuring high operational performance and safety, which adds significant market value for Altera&Ocyan and for the client”.
Currently, the FPSO Cidade de Itajaí operates in the Baúna Field, in the Santos Basin, for the Australian oil company Karoon Energy. It produces 80,000 barrels of oil per day, compresses and injects two million cubic meters per day, and operates in water depths of up to 1,000 meters. With this service, the joint venture achieved an uptime above 98% in recent years.
Marcelo Nunes, Managing Director of Altera&Ocyan, emphasizes that the parties have built a good business relationship aimed at meeting mutual interests. In this way, he believes that the results presented can generate good prospects for new opportunities with Karoon Energy.
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The next exploration auction in the pre-salt will offer 23 blocks in the Campos and Santos basins and may change the interest of oil companies in Brazil.
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The next exploration auction in the pre-salt will offer 23 blocks in the Campos and Santos basins and could change the interest of oil companies in Brazil.
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Red Sea, from biblical site to oil hope: South Korea reveals ambitious plan to create new oil routes through the Red Sea with the dispatch of 5 ships, agreements with 3 countries, and a focus on the strategic port of Yanbu.
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SISTAC expands contract with Petrobras for maintenance of platforms in the Santos, Campos, and Espírito Santo basins using ROV and specialized underwater operations.
Petrobras, Total, Shell, CNOOC, and CNPC Announced the Success of Their Partnership in the Operation of FPSO Cidade de Itajaí, Built at the Jurong Shipyard in Singapore.
The operation started on February 16, 2013, and since then, Altera&Ocyan has acted as a strategic partner of 3R Petroleum in the maintenance and operation of platforms 3R-2 and 3R-3 in the Papa Terra field.
Marcelo Nunes, Director of Altera Infrastructure, highlighted that “the partnership between Altera Infrastructure and Ocyan is a great success. We aim to continue working together to seize new growth opportunities in the Brazilian market.” Currently, the consortium formed by Petrobras, Total, Shell, CNOOC, and CNPC has the FPSO Pioneiro de Libra leased and operating in the Mero Field, in the Libra Block, the largest reserve of the Brazilian pre-salt.

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