Petróleo Brasileiro SA (Petrobras) and its companions in Atapu and Sépia have taken a last funding resolution (FID) on the second improvement section of the fields offshore Brazil, focusing on so as to add 450,000 barrels of oil per day (bopd) in mixed manufacturing capability.
The brand new tasks are anticipated to come back onstream 2029, TotalEnergies SE, one of many co-venturers, mentioned in an announcement Monday.
Atapu 2 can have a brand new floating manufacturing, storage and offloading (FPSO) vessel with a 225,000 bopd capability. It has been producing since 2020 by FPSO P70, which has a capability of 150,000 bopd.
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Sépia 2 may even have a brand new FPSO unit with a 225,000 bopd capability. It has been producing since 2021 by FPSO Carioca, which has a capability of 180,000 bopd.
The 2 new FPSOs “have been designed to attenuate greenhouse fuel emissions by an all-electric configuration and applied sciences resembling waste warmth restoration, closed flare, cargo oil tank fuel restoration and variable velocity drive for compressors and pumps”, TotalEnergies mentioned.
Atapu and Sépia, situated within the Santos Basin, are operated by Petrobras. The state-owned firm holds a 65.7 p.c stake in Atapu and 55.3 p.c in Sépia. The opposite individuals in Atapu are Britain’s Shell PLC with a 16.7 p.c curiosity, France’s TotalEnergies with 15 p.c, Petrogal Brasil Ltda. with 1.7 p.c and state-owned Pré-Sal Petroleo SA (PPSA) with 0.9 p.c. In Sépia the opposite stake homeowners are TotalEnergies with 16.9 p.c, Malaysia’s Petroliam Nasional Bhd. with 12.7 p.c, QatarEnergy with 12.7 p.c and Petrogal with 2.4 p.c.
“The choice to launch Sépia-2 and Atapu-2 is a brand new milestone in our robust progress story in Brazil, a core space for the Firm because of its world-class low-emission and low-cost oil sources”, commented Nicolas Terraz, president for exploration and manufacturing on the French power big.
“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 quickly account for greater than 200,000 barrels of oil equal per day in fairness manufacturing for the Firm”.
Within the Mero area, TotalEnergies expects full manufacturing capability, together with the third and fourth developments, so as to add 100,000 bpd to its fairness share, it mentioned in assertion January 1, 2024, asserting the Mero 2 startup.
Mero 2 makes use of FPSO Sepetiba, which has been designed for zero routine flaring, with the related fuel reinjected into the reservoir, in accordance with TotalEnergies.
Petrobras operates Mero, which can also be within the Santos Basin, with a 38.6 p.c curiosity, whereas TotalEnergies and Shell every maintain 19.3 p.c. The opposite companions are China Nationwide Petroleum Corp. and China Nationwide Offshore Oil Corp. with a 9.65 p.c stake every, in addition to PPSA (3.5 p.c).
Terraz mentioned, “At their plateau Sépia-2 and Atapu-2, the tenth and eleventh FPSO for TotalEnergies in Brazil, will contribute to take care of TotalEnergies manufacturing on this key nation above 200,000 boepd”.
Zoë Yujnovich, director for built-in fuel and upstream at Shell, mentioned in a separate assertion, “Atapu-2 is one other instance of our dedication to put money into greater margin, decrease carbon alternatives for our advantaged Upstream enterprise”.
“As the most important overseas producer in Brazil, this undertaking reinforces each the significance of Brazil inside our international deep-water portfolio, in addition to our strategic partnership with Petrobras worldwide”, Yujnovich added.
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