LONDON, Aug. 3 (UPI) -- British energy company BG Group said Monday it started producing oil from a basin off the coast of Brazil using a floating production platform.
The company said first oil was produced from the city of Itaguai floating, production, storage and offloading vessel, its sixth to start production from the Santos Basin off the coast of Brazil. The vessel will produce from part of the Lula field within the basin, operated by Brazilian energy company Petrobras.