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TotalEnergies today announced a significant milestone in its Brazilian operations, with the successful achievement of first oil from the Mero-4 development phase on the Libra block. Located approximately 180 kilometers off the coast of Rio de Janeiro in the pre-salt area of the Santos Basin, this new phase brings Mero鈥檚 total production capacity to an impressive 770,000 barrels of oil per day (b/d) across five Floating Production, Storage and Offloading (FPSO) units.

Launched in August 2021, the Mero-4 project is a testament to efficient project execution, connecting 12 wells to the newly commissioned Alexandre de Gusm茫o FPSO unit. This state-of-the-art facility boasts a production capacity of 180,000 b/d and has been meticulously designed with environmental stewardship at its core. Key to its sustainable operation is the dedicated reinjection of associated gas back into the reservoir, effectively minimizing greenhouse gas emissions. Furthermore, the unit operates with zero routine flaring, demonstrating a commitment to responsible resource management and reduced environmental footprint.

Nicolas Terraz, President Exploration & Production of TotalEnergies, hailed the achievement, stating, 鈥淭he start-up of Mero-4 marks the end of the development of this world-class field 鈥� with the commissioning of four FPSOs in three years 鈥� and the start of a long-term production phase generating robust free cash flow. This is a great achievement for the Libra consortium and a major milestone for TotalEnergies in Brazil, a key growth country for our Company.鈥�

At full capacity, Mero-4 will contribute approximately 100,000 barrels of oil equivalent per day (boe/d) to TotalEnergies鈥� share, significantly bolstering the company's overall production figures. This influx of high-quality, low-cost, and low-emission oil production from the Mero field aligns perfectly with TotalEnergies鈥� strategic objectives. The company aims to achieve a sustainable production growth of 3% per year between 2024 and 2030, and the Mero field, with its vast resources and high productivity, is a crucial component in realizing this ambitious target.

The Mero field operates as a unitized field, a collaborative effort demonstrating successful international partnerships. Petrobras leads as the operator with a 38.6% stake. TotalEnergies holds a significant 19.3% interest, mirroring that of Shell Brasil. Other key partners include CNPC (9.65%), CNOOC (9.65%), and Pr茅-Sal Petr贸leo S.A (PPSA) (3.5%), which represents the Brazilian Government in the non-contracted area. This collaborative model underscores the global importance and shared benefits of the Mero project. The successful commissioning of Mero-4 not only cements TotalEnergies' presence in Brazil but also reinforces its global standing as a key player in responsible and efficient energy production.