Total Launches Phase 2 of Mero Project off Brazil Coast

Date : 11/06/2019 @ 14h00
Source : Dow Jones News
Valeur : Total SA (TOT)
Cours : 51.25  0.22 (0.43%) @ 16h08
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Total Launches Phase 2 of Mero Project off Brazil Coast

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   By Anthony Shevlin 
 

Total SA (FP.FR) said Tuesday that it and its partners have launched phase 2 of the Mero project located deep offshore off the coast of Rio de Janeiro, Brazil.

The French company said phase 2 will have a liquid treatment capacity of 180,000 barrels a day and is expected to start up by 2022.

"The Mero project will contribute to the growth of the group's production from 2020 onwards. Once the full potential of the field is developed, production should reach more than 600,000 barrels a day," said Arnaud Breuillac, president of exploration and production at Total.

The Mero 1 project, currently under development, is progressing as planned with a start-up scheduled in 2021, Total said.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

June 11, 2019 07:45 ET (11:45 GMT)

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