Chevron holds a 37.5% stake in the Campos basin heavy oil project, while Brazil's Petrobras has a 62.5% operating stake.
The field development concept involves the P-61 tension-leg wellhead platform coupled to the P-63 floating production, storage and offloading vessel, with capacity for handling up to 180,000 barrels per day of crude.
The project is moving forward as an engineering, procurement and construction contract, obeying a Petrobras requirement that construction of the TLWP and conversion of the FPSO take place in Brazil.
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