PARIS: In a significant move to expand its oil production capabilities, TotalEnergies, in collaboration with Petrobras and other partners, has announced the Final Investment Decision (FID) for the second phase of development at the Atapu and Sépia fields in Brazil’s Santos Basin.

The Atapu field, operational since 2020, is set to receive an additional Floating Production Storage and Offloading (FPSO) unit, Atapu-2, boosting its capacity from 150,000 to 225,000 barrels of oil per day (bopd). TotalEnergies holds a 15% stake in the Atapu field, alongside Petrobras, Shell, Petrogal, and PPSA.

Similarly, the Sépia field, producing since 2021, will also see an increase in production with the introduction of the Sépia-2 FPSO unit, matching the 225,000 bopd capacity of Atapu-2. TotalEnergies’ interest in the Sépia field stands at 16.9%, with Petrobras, Petronas, QatarEnergy, and Petrogal as partners.

Both FPSO units are slated for operation starting in 2029 and are designed with cutting-edge technology to minimize greenhouse gas emissions. This includes an all-electric configuration and features like waste heat recovery and closed flare systems.

Nicolas Terraz, President of Exploration & Production at TotalEnergies, expressed that the launch of Sépia-2 and Atapu-2 marks a pivotal point in the company’s growth trajectory in Brazil. He highlighted the country’s low-emission, low-cost oil resources as a strategic advantage. With the upcoming startups of Mero-2, Mero-3, and Mero-4, Brazil is expected to contribute significantly to TotalEnergies’ equity production, maintaining it above 200,000 boepd.

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