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Mero floating production storage and offloading project – Libra block, Brazil – update

Image of FPSO facility

2nd February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mero floating production storage and offloading (FPSO) project – Libra block.

Location
The project is located 180 km off the coast of Rio de Janeiro, Brazil, in the prolific presalt area of the Santos basin.

Project Owner/s
The Mero unitised field is operated by Petrobras (38.6%), in partnership with TotalEnergies (19.3%), Shell Brasil (19.3%), China National Petroleum Corporation (9.65%), China National Offshore Oil Corporation (9,65%) and Pré-Sal Petróleo SA, or PPSA (3.5%), representing government in the noncontracted area.

Project Description
The Mero field has been in preproduction since 2017.

The project comprises the construction of four FPSOs (Mero-1, Mero-2, Mero-3 and Mero-4), each with a liquid processing capacity of 180 000 bbl/d.

The project will deliver more than 650 000 bbl/d of oil equivalent in 2026.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Production startups are scheduled between 2023 and 2025.

Latest Developments
TotalEnergies announced the start of production from the second development phase of the Mero field on the Libra block on January 1.

Mero-2 includes the Sepetiba FPSO with a production capacity of 180 000 bbl/d. The FPSO has been designed for zero routine flaring to minimise greenhouse-gas emissions, with the associated gas reinjected into the reservoir.

Key Contracts, Suppliers and Consultants
Malaysia International Shipping Corporation Berhad (chartering and provision of the FPSO to be installed at the Mero 3 development); and SBM Offshore (chartering and provision of the FPSO to be installed at the Mero 4 development).

Contact Details for Project Information
TotalEnergies media relations, tel +33 1 47 44 46 99 or mail presse@totalenergies.com.
TotalEnergies investor relations, tel +44 207 719 7962 orir@totalenergies.com.
Shell Brasilmedia international, tel +44 207 934 5550.
China National Offshore Oil Corporation, tel +55 21 2104 2900.
China National Petroleum Corporation, tel +86 10 5998 4538 or email admin_eng@cnpc.com.cn.

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Edited by Creamer Media Reporter

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