Paris, London, New York - TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is pleased to announce that the Libra Consortium has made the final investment decision to develop an innovative natural gas and CO2 separation and reinjection facility for the Mero field in the Brazilian deep offshore pre-salt.
Pioneering High Pressure Subsea Separation Technology
The revolutionary pilot unit, utilizing the pioneering high-pressure subsea separation technology (HISEP(R)), will effectively separate oil from CO2-rich gas at the ocean floor and inject the gas directly back into the reservoir. By reducing the amount of gas sent to the topside floating production, storage, and offloading vessel (FPSO), this technology has the potential to decrease GHG emissions while increasing field production capacity.
Advancing Research and Development
This groundbreaking innovation is part of the Libra Consortium's commitment to research and development. The HISEP(R) subsea separation pilot unit will be integrated with the ongoing construction of the Marechal Duque de Caxias FPSO (Mero 3 project).
"TotalEnergies is proud to contribute to the advancement of this new technology in the Mero field. Not only will it bring significant benefits to Brazil, but it will also have potential applications in other projects within our company. This innovation aligns with TotalEnergies' strategy of developing our businesses while reducing emissions and costs, enabling us to enhance competitiveness sustainably," said Namita Shah, President, OneTech at TotalEnergies.
About the Mero Field
Mero is a unitized field operated by Petrobras (38.6%), in partnership with TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%), and Pré-Sal Petróleo S.A (PPSA) (3.5%).
About TotalEnergies in Brazil
TotalEnergies is a leading international energy company operating across various sectors in Brazil.
TotalEnergies in Brazil: Leading the Way in Energy
For nearly half a century, TotalEnergies has been a key player in Brazil's energy sector. With six subsidiaries and over 3,500 employees, the company has established itself as a leader in various segments including Exploration & Production, gas, renewable electricity, lubricants, chemicals, and distribution.
Exploration & Production: A Growing Portfolio
TotalEnergies currently holds 11 licenses in Brazil, with four of them being operated directly by the company. By 2023, the average daily production is expected to reach an impressive 140,000 barrels of oil equivalent.
Embracing Renewable Energy
Recognizing the importance of sustainable energy sources, TotalEnergies is actively investing in Brazil's renewable energy segment. In a strategic move, the company partnered with Casa dos Ventos, the country's leading renewable energy player. Together, they aim to develop a substantial 12 GW renewable energy portfolio, solidifying their commitment to a greener future.
Fuel Distribution: A Strong Presence
TotalEnergies also maintains a strong presence in the Brazilian fuel distribution market. With approximately 240 filling stations and numerous storage facilities for petroleum products and ethanol, the company ensures that their high-quality fuels are readily available to customers across the country.
About TotalEnergies
TotalEnergies is a global multi-energy company that focuses on producing and marketing various forms of energy. From oil and biofuels to natural gas and renewables, their goal is to make energy more accessible, reliable, and sustainable for everyone. With over 100,000 dedicated employees operating in nearly 130 countries, TotalEnergies prioritizes sustainable development in all its projects and operations to enhance the well-being of people worldwide.
TotalEnergies: A Leading Energy Company
The terms "TotalEnergies," "TotalEnergies company," or "Company" in this document refer to TotalEnergies SE and its consolidated entities. These entities are directly or indirectly controlled by TotalEnergies SE, and the words "we," "us," and "our" may also be used to refer to them or their employees. It is important to note that the entities in which TotalEnergies SE has ownership are separate legal entities.
This document contains forward-looking information and statements based on economic data and assumptions made within a specific economic, competitive, and regulatory environment. Please be aware that these statements may prove to be inaccurate in the future and are subject to various risk factors. TotalEnergies SE and its subsidiaries do not assume any obligation to publicly update any forward-looking information, statement, objective, or trend included in this document, whether as a result of new information, future events, or other circumstances.
For information regarding risk factors that may influence TotalEnergies' financial results or activities, please refer to the most recent Universal Registration Document. The French-language version of this document is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and the Form 20-F is filed with the United States Securities and Exchange Commission (SEC).
View source version on businesswire.com: Link
