
An offshore FPSO. (Source: Shutterstock)
Less than a year after the startup of Mero-2, the third development phase of the Mero field offshore Brazil, Mero-3, has produced first oil, TotalEnergies announced Oct. 30.
Located in the Libra block, 180 km off the coast of Rio de Janeiro, in the Santos Basin, Mero-3 includes 15 wells connected to the Marechal Duque de Caxias FPSO, with a production capacity of 180,000 bbl/d of oil. With the start-up of Mero-3, the overall production capacity of the Mero field will reach 590,000 bbl/d.
Mero-3 was designed to minimize greenhouse gas emissions, with reinjection of the associated gas into the reservoir and zero routine flaring. The project’s FPSO will later be connected to the HISEP pilot project. Currently under development, the pilot project will separate oil from CO2-rich gas at the bottom of the ocean and reinject the gas directly into the reservoir.
Mero-4, an additional development phase of 180,000 bbl/d, is currently under construction, with start-up expected in 2025.
Petrobras is the operator of the Mero field with a 38.6% stake. TotalEnergies and Shell Brasil each hold a 19.3% and CNPC and CNOOC each have a 9.65% stake in the field. Pré-Sal Petróleo SA holds the remaining 3.5%.
Recommended Reading
Crescent Energy Appoints Former Pioneer Exec Joey Hall as COO
2025-05-19 - Crescent Energy has chosen Joey Hall, who most recently served as executive vice president of operations at Pioneer Natural Resources and oversaw the Permian Basin and Eagle Ford Shale, as its new COO.
Ex-Parsley Team Re-Ups with Greenlake Energy II, Delaware Deal
2025-05-06 - NGP’s initial investment in Greenlake Energy II, headed by former Parsley Energy executives, includes closing an initial acquisition in the Delaware Basin.
Partners Group Buys PowerTransitions for $450MM Investment
2025-06-05 - Private-equity firm Partners Group agreed to acquire utility-scale developer PowerTransitions from EnCap Investments and has plans to invest over $450 million to boost the company’s growth.
Ex-Weatherford Chief Guns for 2nd Energy SPAC on Heels of 1st
2025-06-30 - Former Weatherford International CEO Bernard Duroc-Danner is planning Pyrophyte Acquisition Corp. II, a blank check company led and advised by a wide range of financial and energy executives including Riverstone Holdings’ co-founders.
IOG Resources Forms Third Vehicle Focused on Non-Op M&A
2025-05-06 - IOG Resources III Holdings LLC, again backed by First Reserve, has an investment target ranging from approximately $50 million to $200 million.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.