Yesterday, the French company “Total Energies” announced that it has initiated the second phase of development for an offshore oil field located off the coast of Brazil.
The company announced the start of crude oil production in the “Mero” oil field in the Libra concession zone, located more than 180 kilometers off the coast of Rio de Janeiro in the pre-salt region of the Santos Basin.
It is important to mention that phase two of the development of the “Mero 2” oil field was approved in 2019. After the launch of phase two, it is expected that the production capacity of the Mero field will reach 410,000 barrels per day. There are two additional stages of development to increase capacity by 180,000 barrels per day per stage, called “Mero 3” and “Mero 4”, which are currently under construction and expected to be operational by 2025, according to the newspaper “El Alemán”.
It is expected that the production of the Mero field will reach its full capacity, exceeding 100,000 barrels per day, with the participation of “Total Energies”. This comes as the Brazilian company Petrobras begins to extract oil from the offshore Mero field, the country’s third largest field, after the second phase development operations and the arrival of the “FPSO Sepetiba” vessel to the local waters. The Brazilian company signed a contract with the company “SPM Offshore”, owner of the vessel, in 2019, in a contract lasting 22 and a half years, to lease and operate the vessel.
The implementation of phase two of the Mero oilfield (Mero-2) by the Brazilian company Petrobras will add approximately 140,000 barrels of crude oil per day for the country. Phases three and four (Mero-3 and Mero-4), which are currently under development, will each add approximately 180,000 barrels per day, starting production expected for next year (2025).
