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Total launches large-scale development of Libra Field

19/12/2017
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Total has announced its intention to begin the first large-scale development of its Libra project offshore Brazil.

Located some 180 kilometres off the coast of Rio de Janeiro, development will consist of a floating production storage and offloading (FPSO) unit with a production capacity of 150,000 barrels of oil per day and 17 wells.
The Pioneiro de Libra FPSO
(The Pioneiro de Libra FPSO. Image via TeeKay).

First oil started flowing from the Libra field in November with the start-up of the Pioneiro de Libra, a 50,000 barrel-per-day FPSO early production phase to further appraise the field and generate early revenue. As the next step in the field’s development, the new ‘Mero 1’ FPSO is expected to come on stream in 2021. In the coming years, this development will continue with the addition of at least three other FPSOs to fully exploit the potential of the field, with a production level that should reach more than 600,000 barrels per day.

Commenting on the commencement of large-scale development, Arnaud Breuillac, President Exploration & Production of Total, said:

“The decision to launch the large-scale development of the Libra field is a major step for Total in Brazil. We have worked with Petrobras, the operator, and our partners to secure technical costs below 20 dollars per barrel. This proves that we are capable of developing competitive deep offshore projects.”

“Following start-up of the Early Production System in November, this investment decision further strengthens our portfolio of projects under construction and feeds our production growth post-2020.”

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Tags: Oil & Gas
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