FSO Pargo

Perenco’s floating storage and offloading unit, FSO Pargo departed Dubai and is on its way to Brazil. The vessel spent almost one and a half years in a yard, working to extend its life spaN as well as necessary adaptations to comply with Brazilian regulations and project specifics. The FSO is expected to be moored at Pargo field in Campos Basin by April, aiming to start operations in August 2023. The installation of the unit is part of a USD 400 million investment plan, targeting the enhancement of the field’s production throughout the concession. Ever since taking the operatorship of the Pargo cluster, which comprises the fields Pargo, Carapeba and Vermelho, PERENCO’s asset’s production had already increased from 2.800 bpd to 12.000 bpd, with the expectation to increase it by a further 25% until the end of this year.