Total announces first oil from Iara field in Brazil

Total announces first oil from Iara field in Brazil

11:23 AM, 15th November 2019
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PARIS, FRANCE: Total SA announced first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt, Brazil. This marks the start-up of the FPSO P-68, the first of the two-floating production, storage and offloading units (FPSO) already launched and 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.

The Iara license comprises the Sururu, Berbigao and Oeste de Atapu fields.

Total acquired a working interest of 22.5% 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%).

“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.

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