Brazil: Final Investment Decision for Atapu-2 and Sépia-2 Oil Developments
27 Mai 2024 - 8:53AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), together with
the operator Petrobras and their partners in the Atapu and Sépia
consortiums, have taken the Final Investment Decision (FID) for the
second development phase of Atapu and Sépia fields, located in the
prolific pre-salt Santos Basin, offshore Brazil.
The Atapu field has been producing since 2020 through the
P-70 Floating Production Storage and Offloading (FPSO) unit, with a
production capacity of 150,000 barrels of oil per day (bopd). The
second development phase, Atapu-2, will comprise a new-built FPSO
of 225,000 bopd capacity. TotalEnergies owns an interest of 15% in
the Atapu field, in partnership with Petrobras (65.7%, operator),
Shell (16.7%), Petrogal (1.7%) and PPSA (0.9%).
The Sépia field has been producing since 2021 through the
Carioca FPSO unit, with a production capacity of 180,000 bopd. The
second development phase, Sépia-2, will also comprise a new-built
FPSO of 225,000 bopd capacity. TotalEnergies owns an interest of
16.9% in the Sépia field, in partnership with Petrobras (55.3%,
operator), Petronas (12.7%), QatarEnergy (12.7%) and Petrogal
(2.4%).
The two FPSOs are expected to start producing as from 2029. They
have been designed to minimize greenhouse gas emissions through an
all-electric configuration and technologies such as waste heat
recovery, closed flare, cargo oil tank gas recovery and variable
speed drive for compressors and pumps.
“The decision to launch Sépia-2 and Atapu-2 is a new milestone
in our strong growth story in Brazil, a core area for the Company
thanks to its world-class low-emission and low-cost oil resources”
declared Nicolas Terraz, President Exploration &
Production of TotalEnergies. “Following the startup of Mero-2
in late 2023 and the upcoming startups of Mero-3 in 2024 and Mero-4
in 2025, Brazil will soon account for more than 200,000 barrels of
oil equivalent per day (boepd) in equity production for the
Company. At their plateau Sépia-2 and Atapu-2, the tenth and
eleventh FPSO for TotalEnergies in Brazil, will contribute to
maintain TotalEnergies production in this key country above 200,000
boepd.”
***
About TotalEnergies in Brazil TotalEnergies has been
operating in Brazil for almost 50 years, through six subsidiaries,
and today employs more than 3,500 people in its business segments,
in Exploration & Production, gas, renewable electricity (solar
and wind), lubricants, chemicals and distribution.
TotalEnergies' Exploration & Production portfolio currently
includes 11 licenses, of which 4 are operated. In 2023, the
Company's average production in the country was 135,000 barrels of
oil equivalent per day.
TotalEnergies is investing in the growth of the renewable energy
segment in Brazil. In October 2022, the company entered into a
partnership with Casa dos Ventos, Brazil's leading renewable energy
player, to jointly develop a 12 GW renewable energy portfolio.
TotalEnergies is also active in the Brazilian fuel distribution
market with a network of about 240 filling stations as well as
several storage facilities for petroleum products and ethanol.
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
@TotalEnergies - TotalEnergies - TotalEnergies
- TotalEnergies
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“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
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TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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