Page 12 - LatAmOil Week 31 2021

LatAmOil BRAZIL LatAmOil

Petrobras has pledged to sell eight of its 13 oil refineries (Image: Tri-Mas)

The deal has not yet been finalised, but Brazil’s the sale on the grounds that RLAM was worth
government plans to go forward after success- at least $3bn.
fully defeating a legal challenge from several The planned refinery sales will reduce the
legislators and trade unions representing oil number of Petrobras’ refineries from 13 to five.
industry employees. They will also decrease the state-owned com-
Earlier this year, rhese parties asked Brazil’s pany’s share of Brazil’s total refining capacity by
Federal Audit Court, known as TCU, to block about 50%. ™

TotalEnergies says Libra group

has made FID on Mero-4 project

FRANCE’S TotalEnergies and its partners in the
Libra consortium have made a final investment
decision (FID) on the development of the fourth
phase of Mero, an oilfield within the deepwater
offshore Libra block off Brazil.
The French major made an announcement
to this effect earlier this week, saying in a state-
ment that its plans for Mero-4 envisioned the
installation of a floating production, storage
and off-loading (FPSO) unit within the north-
ernmost section of the field. This vessel will be
the fourth FPSO installed at Mero, and like the
other units, it will be able to handle 180,000 bar-
rels per day (bpd) of oil and 12mn cubic metres
per day of associated gas.
TotalEnergies did not comment on the cost
of the Mero-4 project. It did say that the fourth
section of the field was slated to come on stream
in 2025, following Mero-3 in 2024, Mero-2 in
2023 and Mero-1 in 2022.
The Mero-4 project will involve the drilling Mero-4 is the northernmost part of the field (Image: TotalEnergies)
of 15 new wells, including eight oil production
wells, six water- and gas-injection wells and one Arnaud Breuillac, the president of explora-
well capable of handling either water or gas. All tion & production at TotalEnergies, described
15 of these wells will be connected to the FPSO the FID as an important step on the path to
via tie-ins. development of the field.

P12 www. NEWSBASE .com Week 31 05•August•2021