[Brazil] Mero 4 - FPSO Alexandre de Gusmão

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[Brazil] Mero 4 - FPSO Alexandre de Gusmão

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Libra Consortium takes final investment decision on Mero-4 FPSO in Brazilian pre-salt

Aug 2, 2021

Shell Brasil Petróleo Ltda. (Shell Brasil) announced today a final investment decision taken by the Libra consortium, operated by Petrobras, to contract the Mero-4 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the Santos Basin offshore Brazil.

This is the fourth production system to be deployed in the Mero field. Final investment decisions were previously taken for the Mero 1, Mero 2 and Mero 3 FPSOs. Each unit has a daily operational capacity rate of 180,000 barrels of oil/day. The Pioneiro de Libra FPSO (50,000 barrels of oil/day) has been producing at Mero since 2017 and is a key source of information for the Libra consortium to aid further development and optimize productivity of the field, reservoir and wells.

“As a replication of previous FPSOs for the Brazilian pre-salt, Mero-4 is a testimony to the way the Libra Consortium partners are working together in an integrated way to streamline and make our processes more efficient,” said Wael Sawan, Upstream Director, Royal Dutch Shell. “We are proud to continue working alongside our partners to leverage our collective expertise to develop the country’s resources in a competitive and responsible manner.”

Shell’s Powering Progress strategy to thrive through the energy transition includes increasing investment in lower carbon energy solutions, while continuing to pursue the most energy efficient and highest return Upstream investments. In addition to its operations in Brazil, Shell is also the leading operator in the U.S. Gulf of Mexico.

Editors Notes
  • Shell Brasil is a subsidiary of Royal Dutch Shell plc.
  • In addition to operations in Brazil and the US Gulf of Mexico, Shell’s deep-water portfolio includes frontier exploration opportunities in Mexico, Suriname, Argentina and West Africa.
  • The Mero field is part of the Libra Production Sharing Contract (PSC), signed in Dec 2013. Libra is located in the Santos basin, 170 km south of Rio de Janeiro in 2100 m of water.
  • The Libra consortium, which operates production on the Libra block, is led by Petrobras – with a 40% stake – in partnership with Shell Brasil (20%);
  • TotalEnergies (20%); CNPC (10%) and CNOOC Limited (10%). The consortium also has the participation of the Brazilian state-owned company Pré-Sal Petróleo - PPSA, which operates as contract manager.
  • Petrobras has signed a letter of intent with SBM Offshore for the chartering and provision of the FPSO to be installed at the Mero-4 development.
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Re: [Brazil] Mero 4 - FPSO Alexandre de Gusmão

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Brazil: TotalEnergies Launches Phase 4 On the Giant Mero Field Development

Paris, August 3, 2021 – TotalEnergies and its partners have taken the investment decision for the fourth phase of the Mero project (Libra block), located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin.

The Mero 4 Floating Production Storage and Offloading (FPSO) unit will have a liquid treatment capacity of 180,000 barrels per day and is expected to start up by 2025. It follows investment decisions for Mero 1 (startup expected in 2022), Mero 2 (startup expected in 2023) and Mero 3 (startup expected in 2024) FPSOs. All of them have a liquid processing capacity of 180,000 barrels per day.

"The decision to launch Mero 4 marks the last milestone in the large-scale development of the Mero oil resources. This giant project is in line with TotalEnergies' growth strategy in Brazil which is to produce oil at a competitive cost out of world class fields while limiting CO₂ emissions to a strict minimum", said Arnaud Breuillac, President Exploration & Production at TotalEnergies.

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

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TotalEnergies in Brazil
TotalEnergies has been present in Brazil for over 40 years and has more than 3,000 employees in the country. The Company operates in all segments at the country: exploration and production, gas, renewable energies, lubricants, chemicals, and distribution.

TotalEnergies Exploration and Production’s portfolio currently includes 12 blocks. In 2020, the Group’s production in the country averaged 35,000 barrels of oil per day. In October 2019, a consortium led by TotalEnergies was awarded Block C-M-541, located in the Campos Basin, in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP) and the first exploration drilling is expected to begin in late 2021.

In 2017, TotalEnergies and Petrobras formed a Strategic Alliance encompassing exploration and production and gas, renewables and power activities. Through the Alliance, the two groups are implementing R&D projects on topics such as artificial intelligence leading to efficiency gains, with direct applications in Brazil. TotalEnergies entered the fuel distribution market in Brazil with the acquisition in December 2018 of Grupo Zema’s distribution activities. TotalEnergies thus owns a network of 248 service stations, as well as several storage facilities for petroleum products and ethanol.
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escveritas
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Re: [Brazil] Mero 4 - FPSO Alexandre de Gusmão

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November 18, 2021
Aker Solutions to Provide Subsea Production System for Mero 4 Project in Brazil

Aker Solutions has been awarded a substantial[1] contract by Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil.

This is the fourth consecutive production system for the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

The company will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for Brazil's pre-salt, including subsea distribution units, subsea control modules and master control station for control systems and topside, and related tie-in equipment.

Aker Solutions' subsea manufacturing facility in São José dos Pinhais, and its subsea services base in Rio das Ostras, will carry out the main part of the work. The work starts immediately, with installation scheduled to take place between 2023 and 2025.

"We are pleased to be awarded another subsea production system contract by the Libra Consortium, which reinforces the long-standing relationship between Petrobras and Aker Solutions. By executing and delivering this new important project, we are looking forward to supporting Petrobras’s ambition in the pre-salt region and contributing to the development of Brazil," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business.

"Aker Solutions has been present in Brazil for more than four decades and we are committed to continue delivering our services to help Petrobras maximize the potential for their fields in the most safe, efficient and sustainable manner possible," said Peralta.

About the Project

The Mero field is an ultra-deepwater pre-salt field development. It is located at the northwestern area of the Libra block in the Santos Basin, about 180 kilometers south of Rio de Janeiro, offshore Brazil.

Mero field is under a Production Sharing Agreement to a Consortium comprised of Petrobras as the Operator (40%), in a partnership with Shell Brasil (20%), TotalEnergies (20%), CNOOC Limited (10%) and CNODC (10%). The Consortium also has the participation of the state-owned company Pré-Sal Petróleo SA (PPSA), as the manager of the Production Sharing Contract.

The contract will be booked as order intake in the fourth quarter of 2021 in the Subsea segment.

1. Aker Solutions defines a substantial contract as being between NOK 700 million and NOK 1.2 billion.
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