Total and partners launch third phase of Mero field development

The Mero 3 FPSO will have a liquid treatment capacity of 180 000 bpd and is expected to start up by 2024. It follows investment decisions for Mero 1 (startup expected in 2021) and Mero 2 (startup expected in 2023) FPSOs, both of which have a liquid processing capacity of 180 000 bpd.

“The decision to launch Mero 3 marks a new milestone in the large-scale development of the vast oil resources of the Mero field – estimated at 3 to 4 billion barrels. It is in line with Total's growth strategy in Brazil’s deep-offshore, based on giant projects enabling production at competitive cost, resilient in the face of oil price volatility,” said Arnaud Breuillac, President Exploration & Production at Total. “The Mero project will contribute to the Group’s production from 2020 onwards, and we are targeting a production of 150 000 barrels per day in Brazil by 2025. ”

The Mero field has been in pre-production since 2017 with the 50 000 bpd Pioneiro de Libra FPSO. The Libra consortium is operated by Petrobras (40%) as part of an international partnership including Total (20%), Shell Brasil (20%), CNOOC Limited (10%) and CNPC (10%). Pré-Sal Petróleo (PPSA) manages the Libra Production Sharing Contract.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/17082020/total-and-partners-launch-third-phase-of-mero-field-development/