TotalEnergies makes final investment decision for Atapu and Sepia in Brazil

TotalEnergies makes final investment decision for Atapu and Sepia in Brazil
TotalEnergies makes final investment decision for Atapu and Sepia in Brazil

PARIS (Agefi-Dow Jones)–The energy producer TotalEnergies announced Monday that it had taken, with its partners, the final investment decision for the second phases of development of the Atapu and Sepia oil fields, located in the prolific offshore pre-salt basin of Santos, Brazil.

“The decision to launch Sepia-2 and Atapu-2 marks a new stage in our strong growth in Brazil, a key region for the company thanks to its world-class, low-emission, low-cost oil resources,” said Nicolas Terraz. , the general director of the Exploration-Production branch of TotalEnergies, quoted in a press release.

Production from the Atapu field started in 2020 thanks to the P-70 floating production, storage and offloading (FPSO) unit, with a capacity of 150,000 barrels of oil per day (bpd). The second phase of development, Atapu-2, will include a new FPSO with a capacity of 225,000 b/d of oil.

The Sepia field has been in production since 2021 thanks to the FPSO Carioca, with a capacity of 180,000 b/d of oil. The second phase of development, Sepia-2, will include a new FPSO with a capacity of 225,000 b/d of oil.

TotalEnergies holds a 15% stake in the Atapu field where it is in partnership with the operator Petrobras (65.7%), Shell (16.7%), Petrogal (1.7%) and PPSA (0. 9%). The French energy company holds a 16.9% stake in the Sepia field, also operated by Petrobras (55.3%) in partnership with Petronas (12.7%), QatarEnergy (12.7%) and Petrogal (2 .4%).

-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: FXS

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May 27, 2024 02:28 ET (06:28 GMT)

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