(IN BRIEF) TotalEnergies, in collaboration with Petrobras and partners in the Atapu and Sépia consortiums, has approved the Final Investment Decision (FID) for the second development phases of the Atapu and Sépia fields situated in the pre-salt Santos Basin, offshore Brazil. Atapu-2 and Sépia-2, both featuring new-built Floating Production Storage and Offloading (FPSO) units with a capacity of 225,000 barrels of oil per day (bopd), are anticipated to commence production by 2029. TotalEnergies’ strategic interest in these fields, alongside ongoing projects like Mero-2, Mero-3, and Mero-4, underscores its commitment to Brazil’s burgeoning energy sector. Notably, the FPSOs are engineered for minimal greenhouse gas emissions, aligning with TotalEnergies’ sustainability objectives. Nicolas Terraz, President of Exploration & Production at TotalEnergies, emphasized the significance of these developments in fortifying the company’s foothold in Brazil, projecting a substantial increase in equity production to over 200,000 barrels of oil equivalent per day (boepd).
(PRESS RELEASE) PARIS, 27-May-2024 — /EuropaWire/ — TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken the Final Investment Decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore Brazil.
The Atapu field has been producing since 2020 through the P-70 Floating Production Storage and Offloading (FPSO) unit, with a production capacity of 150,000 barrels of oil per day (bopd). The second development phase, Atapu-2, will comprise a new-built FPSO of 225,000 bopd capacity. TotalEnergies owns an interest of 15% in the Atapu field, in partnership with Petrobras (65.7%, operator), Shell (16.7%), Petrogal (1.7%) and PPSA (0.9%).
The Sépia field has been producing since 2021 through the Carioca FPSO unit, with a production capacity of 180,000 bopd. The second development phase, Sépia-2, will also comprise a new-built FPSO of 225,000 bopd capacity. TotalEnergies owns an interest of 16.9% in the Sépia field, in partnership with Petrobras (55.3%, operator), Petronas (12.7%), QatarEnergy (12.7%) and Petrogal (2.4%).
The two FPSOs are expected to start producing as from 2029. They have been designed to minimize greenhouse gas emissions through an all-electric configuration and technologies such as waste heat recovery, closed flare, cargo oil tank gas recovery and variable speed drive for compressors and pumps.
“The decision to launch Sépia-2 and Atapu-2 is a new milestone in our strong growth story in Brazil, a core area for the Company thanks to its world-class low-emission and low-cost oil resources” declared Nicolas Terraz, President Exploration & Production of TotalEnergies. “Following the startup of Mero-2 in late 2023 and the upcoming startups of Mero-3 in 2024 and Mero-4 in 2025, Brazil will soon account for more than 200,000 barrels of oil equivalent per day (boepd) in equity production for the Company. At their plateau Sépia-2 and Atapu-2, the tenth and eleventh FPSO for TotalEnergies in Brazil, will contribute to maintain TotalEnergies production in this key country above 200,000 boepd.”
About TotalEnergies in Brazil
TotalEnergies has been operating in Brazil for almost 50 years, through six subsidiaries, and today employs more than 3,500 people in its business segments, in Exploration & Production, gas, renewable electricity (solar and wind), lubricants, chemicals and distribution. TotalEnergies’ Exploration & Production portfolio currently includes 11 licenses, of which 4 are operated. In 2023, the Company’s average production in the country was 135,000 barrels of oil equivalent per day. TotalEnergies is investing in the growth of the renewable energy segment in Brazil. In October 2022, the company entered into a partnership with Casa dos Ventos, Brazil’s leading renewable energy player, to jointly develop a 12 GW renewable energy portfolio. TotalEnergies is also active in the Brazilian fuel distribution market with a network of about 240 filling stations as well as several storage facilities for petroleum products and ethanol.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
TotalEnergies on social media
- X: @TotalEnergies
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Media Contact:
Media Relations:
+33 (0)1 47 44 46 99
presse@totalenergies.com
@TotalEnergiesPR
Investor Relations:
+33 (0)1 47 44 46 46
ir@totalenergies.com
SOURCE: TotalEnergies
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