The fourth stage of development for the Miro field offshore of Brazil has begun production, according to France-based energy company TotalEnergies.
The Mero field is part of the Libra block in the Santos Basin’s pre-salt area, around 110 miles from the coastal city of Rio de Janeiro. A new floating production, storage and offloading (FPSO) unit named Alexandre de Gusmão will tap into 12 wells and be capable of producing up to 180,000 barrels per days (bpd). Combined with the FPSOs already operating in the field, the total capacity from Mira will rise to 770,000 bpd.
TotalEnergies, which also makes the Total metalworking and coolant products, employs almost 4,000 people in Brazil, where it has a 50-year history. The Mero field is operated by the mostly state-owned Petrobras, with TotalEnergies holding a 19.3% interest.
TotalEnergies’ exploration and production president, Nicolas Terraz, said that development was now complete for the world-class Mero field. He said that thanks to four FPSOs having been commissioned, there would now be a steady flow of cash as the field enters a phase of sustained production, adding:
“With its vast resources and high productivity, the Mero field delivers low cost and low emission oil production in line with our Company strategy and contributes significantly to the achievement of our objective to grow our production by 3% per year between 2024 and 2030.”
Terraz also highlighted the development as being a landmark for TotalEnergies’ presence in Brazil, which it sees as a key country for growth.
