Total: launches phase 2 on Mero field in Brazil

(CercleFinance.com) - Total announces the launch of the second phase of the Mero project (Libra block), located in deep waters 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin in Brazil.


FPSO1 Mero 2 will have a liquid treatment capacity of 180,000 barrels per day and is scheduled to start by 2022.

"The decision to launch Mero 2 comes as a new milestone in this large-scale project that will develop the giant oil resources of the Mero field, estimated at 3 to 4 billion barrels," said Arnaud Breuillac, President Exploration & Production of Total.

"The Libra Consortium can leverage the excellent productivity of the field to develop a major oil project with technical costs below 20 dollars per barrel and low breakeven. The Mero project will contribute to the growth of the Group's production from 2020 onwards. Once the full potential of the field is developed, production should reach more than 600,000 barrels per day."


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