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TotalEnergies - Brazil: First oil of Mero-3

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TotalEnergies announces the start of oil production from Mero-3, the third development phase of the Mero field in Brazil's Santos Basin. The project includes 15 wells connected to the Marechal Duque de Caxias FPSO with a 180,000 barrels per day capacity. With Mero-3's launch, the field's total production capacity reaches 590,000 barrels per day. The project features environmental considerations including gas reinjection and zero routine flaring. A fourth phase, Mero-4, is under construction with expected start-up in 2025. At full capacity, TotalEnergies' share will exceed 100,000 barrels per day.

TotalEnergies annuncia l'inizio della produzione di petrolio da Mero-3, la terza fase di sviluppo del campo Mero nel Bacino di Santos in Brasile. Il progetto prevede 15 pozzi collegati all'FPSO Marechal Duque de Caxias con una capacità di 180.000 barili al giorno. Con il lancio di Mero-3, la capacità totale di produzione del campo raggiunge 590.000 barili al giorno. Il progetto include considerazioni ambientali, tra cui la reiniezione del gas e zero sfiati di routine. Una quarta fase, Mero-4, è in fase di costruzione con avvio previsto per il 2025. A piena capacità, la quota di TotalEnergies supererà 100.000 barili al giorno.

TotalEnergies anuncia el inicio de la producción de petróleo en Mero-3, la tercera fase de desarrollo del campo Mero en la Cuenca de Santos en Brasil. El proyecto incluye 15 pozos conectados al FPSO Marechal Duque de Caxias con una capacidad de 180,000 barriles por día. Con el lanzamiento de Mero-3, la capacidad total de producción del campo alcanza 590,000 barriles por día. El proyecto presenta consideraciones ambientales que incluyen la reinyección de gas y una eliminación rutinaria de antorchas en cero. Una cuarta fase, Mero-4, está en construcción con un inicio previsto para 2025. A plena capacidad, la participación de TotalEnergies superará 100,000 barriles por día.

TotalEnergies는 브라질 산토스 분지의 메로(Mero) 유전 제3개발 단계인 Mero-3의 석유 생산 시작을 발표했습니다. 이 프로젝트에는 일일 18만 배럴의 생산 용량을 가진 Marechal Duque de Caxias FPSO에 연결된 15개의 유정이 포함됩니다. Mero-3의 출범으로 인해 이 유전의 총 생산 용량은 일일 59만 배럴에 이릅니다. 이 프로젝트는 가스 재주입 및 일상적인 연소가 없는 환경적 고려 사항을 포함하고 있습니다. 제4단계인 Mero-4는 2025년에 가동될 예정이며 현재 건설 중입니다. 최대 용량에 도달하면 TotalEnergies의 몫은 일일 10만 배럴 이상이 될 것입니다.

TotalEnergies annonce le lancement de la production de pétrole à partir de Mero-3, la troisième phase de développement du champ Mero dans le bassin de Santos au Brésil. Le projet comprend 15 puits reliés au FPSO Marechal Duque de Caxias avec une capacité de 180 000 barils par jour. Avec le lancement de Mero-3, la capacité de production totale du champ atteint 590 000 barils par jour. Le projet tient compte d'aspects environnementaux, y compris le réinjection de gaz et une absence de torchage de routine. Une quatrième phase, Mero-4, est en construction et devrait démarrer en 2025. À pleine capacité, la part de TotalEnergies dépassera 100 000 barils par jour.

TotalEnergies kündigt den Beginn der Ölproduktion aus Mero-3 an, der dritten Entwicklungsphase des Mero-Feldes im Santos-Becken in Brasilien. Das Projekt umfasst 15 Bohrlöcher, die mit dem FPSO Marechal Duque de Caxias verbunden sind und eine Kapazität von 180.000 Barrel pro Tag besitzen. Mit der Inbetriebnahme von Mero-3 erreicht die gesamte Produktionskapazität des Feldes 590.000 Barrel pro Tag. Das Projekt beinhaltet umwelttechnische Überlegungen, einschließlich der Gasreinjektion und Null-Routine-Fackelung. Eine vierte Phase, Mero-4, ist im Bau und soll 2025 in Betrieb gehen. Bei voller Kapazität wird der Anteil von TotalEnergies über 100.000 Barrel pro Tag liegen.

Positive
  • Production capacity increase of 180,000 barrels per day with Mero-3
  • Total field production capacity reaches 590,000 barrels per day
  • Additional 180,000 barrels per day capacity coming with Mero-4 in 2025
  • Implementation of environmental technologies reducing emissions
  • TotalEnergies' share to exceed 100,000 barrels per day at full capacity
Negative
  • None.

Insights

The start-up of Mero-3 marks a significant milestone in TotalEnergies' Brazilian operations, adding 180,000 barrels per day of production capacity. This brings the total Mero field capacity to 590,000 b/d, with TotalEnergies' share exceeding 100,000 b/d at full capacity. The project's innovative features, including CO2 reinjection and zero routine flaring, demonstrate strong environmental considerations while maintaining cost efficiency.

The HISEP® technology implementation represents a notable advancement in subsea processing, potentially setting new industry standards for offshore carbon management. With Mero-4 under construction and additional projects in the pipeline (Atapu-2 and Sépia-2), TotalEnergies is strategically positioning itself for sustained growth in Brazil's pre-salt basin, which offers attractive economics due to its world-class productivity and vast resources.

The Mero-3 development showcases cutting-edge environmental technology integration in deep-water oil production. The combination of associated gas reinjection and zero routine flaring significantly reduces the project's carbon footprint. The upcoming HISEP® pilot project represents a breakthrough in subsea processing technology, enabling CO2 separation and reinjection at unprecedented depths. This innovative approach to carbon management could become a blueprint for future offshore developments, demonstrating how technological advancement can align hydrocarbon production with environmental responsibilities.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.

Launched in August 2020, “Mero-3” includes 15 wells connected to the Marechal Duque de Caxias FPSO (Floating Production, Storage and Offloading unit), with a production capacity of 180,000 barrels of oil per day (b/d). Mero-3 has been designed to minimize greenhouse gas emissions, with reinjection of the associated gas into the reservoir and zero routine flaring. The FPSO will later be connected to the HISEP® pilot project, using an innovative high pressure subsea separation technology. Currently under development, this pilot project will separate oil from CO2-rich gas at the bottom of the ocean and reinject the gas directly into the reservoir.

With the start-up of Mero-3, the overall production capacity of Mero field will reach 590,000 b/d. An additional development phase of 180,000 b/d, “Mero-4”, is currently under construction, with a start-up expected in 2025. At full capacity, production from the Mero field is expected to represent over 100,000 b/d in TotalEnergies share.

“The production start-up of Mero-3, less than a year after the start-up Mero-2, is a new milestone for TotalEnergies in Brazil, a key growth area for our Company. With its vast resources and world-class productivity, the Mero field delivers low cost and low emission oil production, in line with the strategy of our Company”, said Nicolas Terraz, President Exploration & Production of TotalEnergies. “In the coming years, we will continue to grow our production in Brazil with Mero-4 project expected to start-up in 2025 and the recently sanctioned Atapu-2 and Sépia-2 projects”.

Mero is a unitized field, operated by Petrobras (38.6%), in partnership with TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%) and Pré-Sal Petróleo S.A (PPSA) (3.5%) representing the Government in the non-contracted area.

***

About TotalEnergies in Brazil
TotalEnergies has been operating in Brazil for almost 50 years and employs more than 3,500 people in the country. Its presence encompasses Exploration & Production, gas, renewable electricity (solar and wind), lubricants, chemicals and distribution.
TotalEnergies' Exploration & Production portfolio in the country currently includes 11 licenses, of which four are operated. Its average production was 135,000 barrels of oil equivalent per day in 2023.
TotalEnergies is investing in the growth of the renewable energy segment in Brazil: in October 2022, it entered a partnership with Casa dos Ventos, Brazil's leading renewable energy player, to jointly develop a 12 GW renewable energy portfolio.
TotalEnergies is also active in the Brazilian fuel distribution market with a network of about 240 filling stations as well as several storage facilities for petroleum products and ethanol.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies

FAQ

What is the production capacity of TotalEnergies' Mero-3 project (TTE)?

The Mero-3 project has a production capacity of 180,000 barrels of oil per day through the Marechal Duque de Caxias FPSO unit.

When will TotalEnergies' Mero-4 phase (TTE) begin production?

Mero-4, which is currently under construction, is expected to start production in 2025.

What is the total production capacity of TotalEnergies' Mero field (TTE) after Mero-3?

With the start-up of Mero-3, the overall production capacity of the Mero field reaches 590,000 barrels per day.

What environmental features are included in TotalEnergies' Mero-3 project (TTE)?

Mero-3 includes gas reinjection into the reservoir, zero routine flaring, and will connect to the HISEP® pilot project for subsea CO2 separation.

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