Total Energies Marks Milestone: Second Phase Production Commences at Mero Field, Brazil.

04 Jan, 2024

TotalEnergies marks a significant milestone with the commencement of production from the second development phase of the Mero field on the Libra block, situated over 180 kilometers off the coast of Rio de Janeiro, Brazil, within the pre-salt region of the Santos Basin.

The Mero-2 phase, sanctioned in June 2019, introduces the Sepetiba FPSO, boasting a production capacity of 180,000 barrels of oil per day (b/d). Notably, this FPSO is designed for zero routine flaring, contributing to reduced greenhouse gas emissions, as the associated gas is reinjected into the reservoir. This move aligns with TotalEnergies' commitment to environmentally conscious practices.

With Mero-2 in operation, the Mero field's overall production capacity is set to reach 410,000 b/d. Further expansions are underway with Mero-3 and Mero-4, each targeting 180,000 b/d, and are projected to commence operations by 2025. TotalEnergies anticipates its share of production from the Mero field to exceed 100,000 b/d at full capacity.

TotalEnergies' Chairman and CEO, Patrick Pouyanné, underscores the significance of Mero-2's production start-up, emphasizing Brazil as a strategic growth area for the company. Pouyanné highlights the Mero development's ability to deliver cost-effective and environmentally conscious oil production, aligning seamlessly with TotalEnergies' corporate strategy.

The Mero field operates as a unitized field, with Petrobras leading at 38.6%, accompanied by TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%), and Pré-Sal Petróleo S.A (PPSA) holding a 3.5% stake in this collaborative venture.

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