Results

TotalEnergies E&P Norge AS

10/30/2024 | Press release | Distributed by Public on 10/31/2024 01:11

Brazil: First oil of Mero-3

Paris, October 30th, 2024 - TotalEnergies announces first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.

Launched in August 2020, "Mero-3" includes 15 wells connected to the Marechal Duque de Caxias FPSO (Floating Production, Storage and Offloading unit), with a production capacity of 180,000 barrels of oil per day (b/d). Mero-3 has been designed to minimize greenhouse gas emissions, with reinjection of the associated gas into the reservoir and zero routine flaring. The FPSO will later be connected to the HISEP® pilot project, using an innovative high pressure subsea separation technology. Currently under development, this pilot project will separate oil from CO2-rich gas at the bottom of the ocean and reinject the gas directly into the reservoir.

With the start-up of Mero-3, the overall production capacity of Mero field will reach 590,000 b/d. An additional development phase of 180,000 b/d, "Mero-4", is currently under construction, with a start-up expected in 2025. At full capacity, production from the Mero field is expected to represent over 100,000 b/d in TotalEnergies share.

"The production start-up of Mero-3, less than a year after the start-up Mero-2, is a new milestone for TotalEnergies in Brazil, a key growth area for our Company. With its vast resources and world-class productivity, the Mero field delivers low cost and low emission oil production, in line with the strategy of our Company", said Nicolas Terraz, President Exploration & Production of TotalEnergies. "In the coming years, we will continue to grow our production in Brazil with Mero-4 project expected to start-up in 2025 and the recently sanctioned Atapu-2 and Sépia-2 projects".

Mero is a unitized field, operated by Petrobras (38.6%), in partnership with TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%) and Pré-Sal Petróleo S.A (PPSA) (3.5%) representing the Government in the non-contracted area.

Read the full press release on TotalEnergies website

@TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 100,000 employees are committed to energy that is ever more affordable, cleaner, more 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

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.