TotalEnergies: Lapa South-West project launched in Brazil
January 16, 2023 at 07:48 am
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TotalEnergies announces that it has approved the final investment decision for the development of Lapa South-West, a project in which it is operator with a 45% interest, in partnership with Shell (30%) and Repsol Sinopec (25%).
Located in the Santos Basin, around 300 kilometers off the Brazilian coast, Lapa South-West will be developed via three wells connected to the Lapa FPSO, 12 kilometers away, which has been producing the northeastern part of the Lapa field since 2016.
When it comes on stream, scheduled for 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, taking it to 60,000 barrels of oil per day. This development represents an investment of around one billion dollars.
'Given its design and synergies with existing facilities, this project illustrates TotalEnergies' strategy of focusing on low-cost, low-emission assets,' comments David Mendelson, Director of Exploration-Production Americas.
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TotalEnergies SE is one of the leading worldwide oil groups. Net sales break down by activity as follows:
- refining and chemistry (42.7%): refining of petroleum products (operated, at the end of 2023, 16 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) and of specialty chemistry (rubber, resins, adhesives, etc.). The group is also operating in trading and sea transport of crude oil and oil products;
- petroleum products distribution (37.9%): at the end of 2023 operated 14,571 service stations worldwide;
- electricity generation (11.5%): from combined cycle gas plants and renewable energies;
- gas production, trading, transport and distribution (5%): primarily liquefied natural gas (44.3 million tonnes sold in 2023), natural gas, biogas, hydrogen, liquefied petroleum gas, etc.;
- hydrocarbon operating and production (2.8%): 2.5 million barrels of oil equivalent produced per day in 2023;
- other (0.1%).
Net sales are distributed geographically as follows: France (23.4%), Europe (41.2%), North America (9.4%), Africa (9.2%) and other (16.8%).
TOTALENERGIES SE 
