TOTALENERGIES SE: Brazil: TotalEnergies Launches Phase 4 On the Giant Mero Field Development
03 Août 2021 - 08:27AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners
have taken the investment decision for the fourth phase of the Mero
project (Libra block), located deep offshore, 180 kilometers off
the coast of Rio de Janeiro, in the prolific pre-salt area of the
Santos Basin.
The Mero 4 Floating Production Storage and Offloading (FPSO)
unit will have a liquid treatment capacity of 180,000 barrels per
day and is expected to start up by 2025. It follows investment
decisions for Mero 1 (startup expected in 2022), Mero 2 (startup
expected in 2023) and Mero 3 (startup expected in 2024) FPSOs. All
of them have a liquid processing capacity of 180,000 barrels per
day.
"The decision to launch Mero 4 marks the last milestone in the
large-scale development of the Mero oil resources. This giant
project is in line with TotalEnergies' growth strategy in Brazil
which is to produce oil at a competitive cost out of world class
fields while limiting CO emissions to a strict minimum", said
Arnaud Breuillac, President Exploration & Production at
TotalEnergies.
The Mero field has been in pre-production since 2017 with the
50,000-barrel-per-day Pioneiro de Libra FPSO. The Libra Consortium
is operated by Petrobras (40%) as part of an international
partnership including TotalEnergies (20%), Shell Brasil (20%),
CNOOC Limited (10%) and CNPC (10%). Pre-Sal Petróleo (PPSA) manages
the Libra Production Sharing Contract.
TotalEnergies in Brazil
TotalEnergies has been present in Brazil for over 40 years and
has more than 3,000 employees in the country. The Company operates
in all segments at the country: exploration and production, gas,
renewable energies, lubricants, chemicals, and distribution.
TotalEnergies Exploration and Production's portfolio currently
includes 12 blocks. In 2020, the Group's production in the country
averaged 35,000 barrels of oil per day. In October 2019, a
consortium led by TotalEnergies was awarded Block C-M-541, located
in the Campos Basin, in the 16th Bidding Round held by Brazil's
National Petroleum Agency (ANP) and the first exploration drilling
is expected to begin in late 2021.
In 2017, TotalEnergies and Petrobras formed a Strategic Alliance
encompassing exploration and production and gas, renewables and
power activities. Through the Alliance, the two groups are
implementing R&D projects on topics such as artificial
intelligence leading to efficiency gains, with direct applications
in Brazil. TotalEnergies entered the fuel distribution market in
Brazil with the acquisition in December 2018 of Grupo Zema's
distribution activities. TotalEnergies thus owns a network of 248
service stations, as well as several storage facilities for
petroleum products and ethanol.
About TotalEnergies
TotalEnergies is a broad energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations : +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l
ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are
separate legal entities. TotalEnergies SE has no liability for
their acts or omissions. The terms "Company" or "TotalEnergies
company" refer collectively to the company TotalEnergies SE and the
companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present
communication. Likewise, the words "we", "us" and "our" may also be
used to refer to subsidiaries in general or to those who work for
them. This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor
any of its subsidiaries assumes any obligation to update publicly
any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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CONTACT:
TotalEnergies SE
SOURCE: TotalEnergies SE
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