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TotalEnergies makes FID on Brazilian projects

Sea Oil Rig Drilling Platform

Together with partners, TotalEnergies has committed to a final investment decision (FID) for the second phases of development for the Sépia and Atapu fields.

These are located offshore of Brazil in the productive pre-salt Santos Basin.

A floating production, storage and offloading (FPSO) vessel has been producing oil from the Atapu field since 2020, with its production capacity being 150,000 barrels per day (bpd).

The new Atapu-2 development will involve building a new FPSO to increase capacity by a further 225,000 bpd.

The Carioca FPSO vessel came online in the Sépia field and has since been producing up to 180,000 bpd. The Sépia-2 development will also involve building a new FPSO vessel with a capacity of 225,000 bpd.

TotalEnergies, which makes the Total metalworking range, has interests of 15% and 16.9% respectively in the Atapu and Sépia fields, which are majority owned and operated by Petrobras, the state-owned Brazilian oil company.

TotalEnergies’ president for exploration and production, Nicolas Terraz, said that with numerous projects about to come online:

“…Brazil will soon account for more than 200,000 barrels of oil equivalent per day (boepd) in equity production for the Company. At their plateau, Sépia-2 and Atapu-2, the tenth and eleventh FPSO for TotalEnergies in Brazil, will contribute to maintain TotalEnergies production in this key country above 200,000 boepd.”

The new FPSOs are expected to start producing oil in 2029, with them using an all-electric design and advanced technologies to minimise greenhouse gas emissions.

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