[Brazil] Lapa South-West Project

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escveritas
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[Brazil] Lapa South-West Project

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Launch of the Lapa South-West Project

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*ANP 1st Cycle of the Permanent Production Sharing Auction, awarded on December 16, 2022. Contract yet to be signed

Paris, January 16, 2023 - TotalEnergies has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.

TotalEnergies operates the project with a 45% interest, in partnership with Shell (30%) and Repsol Sinopec (25%). Lapa South-West will be developed through three wells, connected to the existing Lapa FPSO located 12 km away and currently producing the North-East part of Lapa field since 2016.

At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.

This development represents an investment of approximately $1 billion.

“This latest development is an important milestone for TotalEnergies in Brazil that will increase its operated production in the pre-salt Santos Basin, a key growth area for the Company" stated David Mendelson, Senior Vice President, Americas at TotalEnergies Exploration & Production. “With its efficient engineering approach and synergies with existing facilities, this project illustrates TotalEnergies’ strategy of focusing on low cost, low emissions assets.”
escveritas
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Re: [Brazil] Lapa South-West Project

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Aker Solutions Wins Lapa South West Subsea Contract in Brazil

January 17, 2023

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Aker Solutions has been awarded with a sizeable[1] contract by TotalEnergies to provide the subsea production system, tools and all related EPCI interfaces for the Lapa South West field Construction, in the pre-salt Santos Basin offshore Brazil. The development concept is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities and infrastructure.

Aker Solutions will deliver a subsea production system including up to three subsea trees and control systems, tie-in, structures and subsea umbilicals, as well as associated equipment and installation work. The scope also covers EPCI interface management, in partnership with Saipem Brazil, and Control System upgrade of the existing Lapa South West subsea trees. Work starts immediately with deliveries scheduled from the first quarter of 2024 until the fourth quarter of 2024.

“We are pleased to be selected to execute the Lapa South West subsea project. The Brazilian offshore market is becoming increasingly diverse with regard to work scope and customer opportunity. We look forward to extending our long-standing relationship with TotalEnergies, as representative of Lapa JV, to the Brazilian market and to further enhance the hydrocarbon potential of Brazil,” said Maria Peralta, Executive Vice President and head of Aker Solutions' Subsea business.

About the field

The Lapa field is located in the pre-salt Santos Basin, under the BM-S-9A concession, at 2,150 meters of water depth offshore Brazil. The Lapa Field Consortium is comprised of TotalEnergies (45%), Shell (30%) and Repsol Sinopec Brasil (25%).

The contract will be booked as order intake in the first quarter of 2023 in the Subsea segment.

1Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion
escveritas
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Re: [Brazil] Lapa South-West Project

Unread post by escveritas »

17 Jan 2023

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Repsol Sinopec Brazil announced that the company as part of the field JV partners, have approved Lapa Sudoeste's final investment decision in partnership with TotalEnergies operator and Shell.

The development of the Southwest portion of the Lapa field, in the pre-salt of the Santos Basin, represents an investment of approximately US$ 1 billion and will be carried out through new wells connected to the FPSO Cidade de Caraguatatuba, which has been operating in the northeast part of the field since 2016.

At the beginning of production, scheduled for 2025, Lapa Sudoeste will increase total production of the field by 25,000 barrels of oil per day, bringing the total production estimated for the season to 60,000 barrels of oil per day.

This is another milestone in the 25 years of our pioneering trajectory, innovation, and major contributions to the development of industry and the country
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