TotalEnergies approves Brazilian firm’s project

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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 per cent interest, in partnership with Shell (30 per cent) and Repsol Sinopec (25 per cent). 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 the 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.

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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”, said David Mendelson, Senior Vice President, Americas at TotalEnergies Exploration & Production., adding that “With its efficient engineering approach and synergies with existing facilities, this project illustrates TotalEnergies’ strategy of focusing on low cost, low emissions assets.”

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