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News

Total launches large-scale development of giant Libra field

20/12/2017

PARIS -- Total announces that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos basin in Brazil.

This phase, consisting of a floating production storage and offloading (FPSO) unit with a production capacity of 150,000 bopd and 17 wells, will be deployed in the Northwestern part of the block.

First oil started flowing from Libra field in November with the start-up of the Pioneiro de Libra, a 50,000-bpd FPSO early production phase to further appraise the field and generate early revenue. As the next step in the field development, the new Mero 1 FPSO is expected to come on stream in 2021. In the coming years, this development will continue with the addition of at least three other FPSO s to fully exploit the potential of the field, with a production that should reach more than 600,000 bpd.

The Libra Consortium is led by Petrobras (40%) in partnership with Total (20%), Shell (20%), CNOOC Limited (10%) and CNPC (10%). Pré-Sal Petróleo (PPSA) manages the Libra Production Sharing Contract.

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