France’s Total said it struck first oil from the lara licence covering deepwater Santos Basin pre-salt, marking the start-up of first of the two floating production, storage and offloading units (FPSO).
FPSO P-68 has already been launched and will be ready to be installed on the license. The second, the P-70, is expected to come on stream in 2020. Each unit has a capacity of 150,000 barrels of oil per day.
“First oil from Iara is a new milestone for Total in Brazil. It increases our share of production from the highly prolific pre-salt area, adding to current output from the Total-operated Lapa field, and the extended well tests under way on the Mero field,” said Arnaud Breuillac, President Exploration & Production at Total.
The Iara license comprises the Sururu, Berbigão and Oeste de Atapu fields. Total acquired a working interest of 22.5 per cent in Block BM-S-11A on January 12, 2018 as part of the strategic alliance with Petrobras, becoming a partner alongside operator Petrobras (42.5%), Shell Brasil Petróleo Ltda. (25%) and Petrogal Brasil S.A. (10%).