Brazil. Petrobras and TotalEnergies launch extension of oil fields
Oil giants Petrobras and Total have decided to launch the extension of two oil fields in Brazil, the French group reported via a press release this Monday, which is "growing strongly" in Latin America's largest economy.
![Brazil. Petrobras and TotalEnergies launch extension of oil fields](https://media-manager.noticiasaominuto.com/960/42754535.jpg)
© Lusa
![Notícias ao Minuto](https://cdn.noticiasaominuto.com/img/equipa/pessoa/lusa.png)
Economia Brasil
"TotalEnergies, together with operator Petrobras and its partners" have made "the Final Investment Decision (FID) for the second phases of the developments" of two fields, Atapu and Sépia, off the coast of São Paulo and Rio de Janeiro.
The two fields have been operated by TotalEnergies and Petrobras since 2020 and 2021, respectively, with production capacities of 150,000 and 180,000 barrels per day.
The production capacity will be 225,000 barrels per day per field for the second phase of development, which is expected to come on stream "from 2029".
"The decision to launch Sépia-2 and Atapu-2 marks a new stage in our strong growth in Brazil," said Nicolas Terras, the French group's head of exploration and production.
"Brazil will soon represent more than 200,000 boe/d of net production" and "at their plateau, Sépia-2 and Atapu-2 (...) will contribute to maintaining TotalEnergies' production in this key country above 200,000" barrels per day, he added, quoted in the press release.
TotalEnergies holds stakes of 15% and 16.9%, respectively, in the Atapu and Sepia fields, both of which are operated by Petrobras (which holds 65.7% and 55.3%).
Shell holds 16.7% of Atapu, while Petronas and QatarEnergy each hold 12.7% of Sepia.
On Friday, TotalEnergies' CEO reiterated to shareholders that it was "necessary" to bring "new oil fields" into operation.
In May 2021, the International Energy Agency warned that "no new oil and gas fields are needed beyond those already approved for development".
Last week, TotalEnergies announced the launch of a new oil project off the coast of Angola, which is expected to start production in 2028, with the aim of reaching "a plateau of 70,000 barrels of oil per day".
Read Also: Petrobras loses 6,083 million in market value in a single day (Portuguese version)
Descarregue a nossa App gratuita.
Oitavo ano consecutivo Escolha do Consumidor para Imprensa Online e eleito o produto do ano 2024.
* Estudo da e Netsonda, nov. e dez. 2023 produtodoano- pt.com