TotalEnergies wins bids for two offshore oil fields in Brazil

TotalEnergies wins bids for two offshore oil fields in Brazil

21 Dec 2021

TotalEnergies and its partners have secured production sharing contracts (PSC) for the Atapu and Sépia pre-salt oil fields, offshore Brazil. The PSCs have been awarded by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).

Atapu and Sépia are pre-salt oil fields in the Santos Basin, located in water depths of around 2,000m. The production of the Sépia field began this year and reached a plateau of 180,000 barrels per day (bpd) with the first floating, production, storage and offloading unit (FPSO).

Atapu started production last year and achieved a plateau of 160,000bpd with the first FPSO unit in the eastern portion of the Santos Basin pre-salt, near the Búzios field. The two oil fields are expected to approve a second FPSO unit, which will help increase the overall oil production of each field to around 350,000 barrels per day.

TotalEnergies has a 22.5% stake in the Atapu and a 28% stake in the Sépia PSC, while Shell owns a 21% stake of the first field and QatarEnergy and Petronas each own a 21% stake of the second.

Petrobras is the operator of the Atapu and Sépia fields with a 52.5% stake and a 30% stake, respectively.

For more information, please visit EICDataStream.

Read more from Industry News
ExxonMobil, Sabic start operations at petrochemical plant in US
Read More
Norway awards 53 offshore licenses to 28 companies in APA 2021 round
Read More
Texas LNG, Enbridge sign deal to expand Valley Crossing Pipeline
Read More

Newsletter Sign Up

As a non-member, you can sign up for the EICOnline weekly bulletin free of charge. EIC Online delivers industry news direct to your mailbox. Subscribe here for the EIC’s free weekly newsletter.

First Name
Last Name
Company Name
Work Email
Job Title
Areas of Interest