French energy group Total SA and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil, the company said Aug. 14.
The Mero 3 FPSO will have a liquid treatment capacity of 180,000 bbl/d and is expected to start operating by 2024, Total added.
The Mero Field has been in pre-production since 2017 with the 50,000 bbl/d Pioneiro de Libra FPSO. Petrobras owns 40% of the Libra project, while Royal Dutch Shell Plc and Total each own 20%. Chinese state oil companies CNOOC and China National Petroleum Corp. each hold 10% stakes in the project.
Recommended Reading
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
2024-03-28 - NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
SilverBow Gears Up for Proxy Fight with Kimmeridge
2024-04-09 - Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.
The Answer to Curbing Permian Associated Gas? More M&A
2024-04-03 - Consolidation will result in less oil production, and therefore less associated gas, as fewer wells are produced, an energy analyst says.
Marketed: Paloma Natural Gas Eagle Ford Shale Opportunity in Frio County, Texas
2024-02-16 - Paloma Natural Gas has retained EnergyNet for the sale of a Eagle Ford/ Buda opportunity in Frio County, Texas.
Kodiak Gas Services Closes $850MM Deal for CSI Compressco
2024-04-02 - Kodiak Gas Services’ acquisition of CSI Compressco was financed as an all-equity transaction valued at approximately $854 million, including assumption of $619 million in debt.