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May 27 2024 06:01:55 — TotalEnergies, Petrobras, and partners have made the Final Investment Decision for the second phases of Atapu and Sépia oil fields in Brazil’s Santos Basin.

Atapu-2 and Sépia-2 will each feature new FPSOs with 225,000 bopd capacity, starting production in 2029. Designed to minimize emissions, these projects mark significant growth for TotalEnergies in Brazil, maintaining production above 200,000 boepd.

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%).

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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