PARIS—TotalEnergies SE (NYSE: TTE) has commenced oil production from its highly anticipated Mero-4 phase in Brazil’s pre-salt Santos Basin, marking a strategic milestone for the energy giant. Located 180 kilometers offshore from Rio de Janeiro, the project underscores the company’s push to expand low-carbon oil output while advancing its global production goals.
The Mero-4 development, initiated in August 2021, links 12 subsea wells to the newly operational Alexandre de Gusmão floating production, storage, and offloading (FPSO) vessel. The unit boasts a production capacity of 180,000 barrels per day (b/d), with emissions-reduction measures such as gas reinjection and zero routine flaring. This brings the Mero field’s total output to 770,000 b/d across five FPSOs. At full capacity, TotalEnergies’ stake is projected to yield approximately 100,000 barrels of oil equivalent per day.
“Mero-4’s launch caps a remarkable three-year effort to deploy four FPSOs, transitioning this world-class asset into a long-term cash flow engine,” said Nicolas Terraz, President of Exploration & Production at TotalEnergies. “Brazil remains pivotal to our growth strategy, and Mero’s high-productivity, low-emission operations align seamlessly with our target of 3% annual production growth through 2030.”
The Libra Consortium, operator Petrobras (38.6%), and partners TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%), and Pré-Sal Petróleo S.A. (3.5%) jointly oversee the unitized field. The partnership highlights Brazil’s role as a cornerstone for global energy investment.
TotalEnergies’ Expanding Footprint in Brazil
With a 50-year presence in Brazil, TotalEnergies employs nearly 4,000 people across upstream operations, renewables, and chemicals. Its exploration portfolio includes 11 licenses, four of which are operator-held, contributing to a 2024 average output of 153,000 boe/d. The company is also accelerating its renewable push through a 12 GW joint venture with Casa dos Ventos, targeting solar, wind, and energy storage.
Balancing Energy Transition and Growth
TotalEnergies continues to position itself as a multi-energy leader, integrating oil, natural gas, and renewables. The Mero project exemplifies its dual focus: scaling economically resilient hydrocarbon assets while curbing operational emissions. As global energy demand rises, the company’s Brazil ventures may serve as a blueprint for balancing profitability and sustainability.
Source: Business Wire
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