TotalEnergies expects to triple its oil production in Brazil by 2025, as the French supermajor hopes to take advantage of its minority working interests at a series of pre-salt oil developments in the country.
While TotalEnergies is one of the leading players when it comes to investments in renewable energy sources, the company is still counting on Brazil’s crude production to generate revenues.
TotalEnergies currently produces about 50,000 barrels per day of oil in Brazil, mainly from its 45% operating stake in the Lapa pre-salt field.
“We expect to achieve production rates of 150,000 bpd by 2025, with the contribution from fields such as Mero, Iara and Gato do Mato,” TotalEnergies Brazil managing director Philippe Blanchard told a panel at the Offshore Technology Conference in Houston.
TotalEnergies has a 20% interest in Mero, where four large floating production, storage and offloading vessels have been contracted already by field operator Petrobras and are due to enter operation between 2022 and 2025.
Gato do Mato is a Shell-operated pre-salt development with first oil tentatively scheduled for 2024, while Iara is a cluster operated by Petrobras that harbours a trio of large pre-salt fields — Berbigao, Sururu and Atapu — where production is on stream via the P-68 and P-70 FPSOs.
Blanchard also said TotalEnergies is investing to increase output from Lapa. Work in the Santos basin development, which is producing via the Cidade de Caraguatatuba FPSO, is expected to include the abandonment of old wells and some infill drilling.
Work is under way at Lapa with the Valaris drillship DS-15, and Blanchard added the rig will be mobilised to the Campos basin by the end of the year to begin an ultra-deepwater exploration campaign in the area.
TotalEnergies has set its sights on two prospects in Block C-M-541 — Marolo and Ubaia — to be drilled in the fringe of the pre-salt polygon in water depths of approximately 3000 metres.