Page 12 - LatAmOil Week 03 2023

LatAmOil GUYANA LatAmOil

In the meantime, the Guyanese government will and Chinese companies to submit offers for the
continue to accept bids for the 14 offshore blocks blocks, Reuters noted, and while his overtures
included in the licensing round until April 14. have been met with strong interest, no firms
Finance Minister Ashni Singh said on January from either country have stepped forward to
16 that Georgetown hoped to name the winners commit to bidding.
of the auctions by the end of this coming June. The news agency also quoted two unnamed
As of press time, no other international oil sources as saying that several European compa-
companies (IOCs) had been confirmed to be nies had considered making bids for Guyanese
participating in Guyana’s offshore bidding assets and had looked into Georgetown’s terms
round. Irfaan Ali, the president of the South in recent months. The sources did not name the
American country, has expressly invited Indian companies in question. ™

BRAZIL
TotalEnergies takes FID on Lapa

South-West project offshore Brazil

TOTALENERGIES (France) revealed on Janu-
ary 16 that it had taken a final investment deci-
sion (FID) on Lapa South-West, a development
project targeting a section of the Lapa oilfield
within the BM-S-9A offshore block in the San-
tos basin.
In a statement, the French major said
it intended to spend nearly $1bn on Lapa
South-West.
It explained that the project envisioned the
drilling of three new development wells that will
be linked to a floating production-storage and
off-loading (FPSO) vessel that has been oper-
ating at the north-eastern part of the Lapa field
since 2016.
The FPSO, known as the Cidade de Cara-
guatatuba MV27, is about 12 km from Lapa
South-West, the company stated.
It has an oil-processing capacity of 100,000
barrels per day, a gas-processing capacity of
177mn cubic feet (5.012mn cubic metres) per
day and a water-injection capacity of 120,000
bpd, as well as a storage capacity of 1.6mn bar-
rels, it said.
TotalEnergies expects Lapa South-West to Lapa is an oilfield within the BS-M-9A offshore block (Image: TotalEnergies)
begin production in 2025, the statement said.
The new project will see output peak at around facilities, this project illustrates TotalEnergies’
25,000 bpd, bringing the Lapa field’s total pro- strategy of focusing on low-cost, low-emissions
duction to 60,000 bpd. assets.”
David Mendelson, senior vice president for Lapa lies within a section of the pre-salt zone
the Americas and TotalEnergies Exploration & in the Santos basin that was known as Carioca
Production, said the FID would help the com- before it was declared commercial in 2013.
pany expand its operations in the Brazilian pre- It was discovered in 2007 and later included
salt zone. in BS-M-9A, one of the two sub-blocks cre-
“This latest development is an important ated from Carioca following the discovery of
milestone for TotalEnergies in Brazil that will Sapinhoá.
increase its operated production in the pre-salt Equity in the Lapa project is split between
Santos Basin, a key growth area for the com- TotalEnergies, the operator, with 45%; Shell
pany,” he commented. “With its efficient engi- (UK), with 30%; and an alliance formed by Rep-
neering approach and synergies with existing sol (Spain) and Sinopec (China), 25%. ™

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