Total has announced a ramp-up in production following the launch of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil, according to a press release.
“The ramp-up of Iara’s production reflects Total’s growth strategy in the Brazilian deep offshore, where the Group focuses on giant projects that produce barrels of oil at a competitive cost, resilient in the face of oil price volatility,” said Arnaud Breuillac, President Exploration & Production at Total. “The Group production in the country should reach 150,000 barrels of oil per day by 2025 thanks to ongoing developments on the Iara, Mero and Lapa projects,” he added.
With a productive capacity of 150,000 barrels of oil per day, this new unit will double the overall production capacity of the Iara cluster and will produce the reserve of the Atapu field.
The Berbigão field was initiated in November 2019 with the FPSO P-68. The newest addition of the FSPO P-70 marks the latest stage of Total’s expansion policy in Brazil.
Total acquired a working interest of 22.5% in Block BM-S-11A in 2018 as part of the strategic alliance with Petrobras, (42.5%), Shell Brasil Petróleo Ltd (25%) and Petrogal Brasil S.A. (10%).