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TotalEnergies
TotalEnergies expands its pre-salt footprint on giant low-cost and low emissions reserves
By EFE
PARIS
Petroleumworld 12 20 2021
The French group TotalEnergies indicated that thanks to the contracts it obtained in the oil auction this Friday in Brazil, it expects to obtain a production of 50,000 barrels per day from 2023.
When the contracts for this award, in which it has obtained stakes in the Atapu and Sepia blocks, come into force in April 2022, the French company estimates that it will receive 30,000 barrels per day, which will increase the following year to 50,000.
TotalEnergies (the new name for Total) will have a 22.5% share in the Atapu concession, in which the operator will be Petrobras with 52.5%, and in which Shell will also have 25%.
Exploitation began there in 2020 and a rate of 160,000 barrels per day has been reached with a first floating production unit. The installation of a second is planned to reach 350,000 barrels per day.
In Sepia, where the French group will have a 28% stake, the operator will once again be Petrobras with 30% and the other partners are QatarEnergy (21%) and Petronas (21%).
Extractions in this second block have started this year and the goal is to reach 180,000 barrels per day with the first floating unit and, when the second is installed, to reach around 350,000.
The CEO of TotalEnergies, Patrick Pouyanné, welcomed the success of the offers for these two blocks as they constitute “unique opportunities to access giant oil reserves with low costs and low emissions, in line with the new strategy” of the company .
Pouyanné stressed that the productivity of these wells is “among the best in the world”, and that allows keeping costs “well below $ 20 a barrel.”
“The strengthening of our presence in Brazil will allow us to accelerate the restructuring of our oil portfolio towards low-cost, low-emission resources,” he concluded. EFE
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