Floating production unit off the coast of Brazil
Selective and Sustainable Oil Production
In a volatile oil and gas market, our strategy is to invest selectively in projects with competitive production costs. Our investment objective is to focus on quality over quantity.
HIGH-PERFORMING DEVELOPMENTS OFF THE COAST OF BRAZIL
In Brazil, TotalEnergies is focusing on offshore projects that allow it to produce barrels at a competitive cost. One example is Mero, a deepwater field located 180 kilometers off the coast of Rio de Janeiro where several discoveries have already been made. Off the coast of Santos, a new unit has doubled output from the Iara field, which produced first oil in 2019. Thanks to developments under way on the Mero, Iara and Lapa projects, TotalEnergies should see its equity production rise to 150,000 barrels per day by 2025.