Brazil’s Mero Field Achieves 500,000 Barrels Per Day Production Milestone

The Mero field in Brazil’s Santos Basin reached 500,000 barrels of oil per day production on February 28, 2023. This significant achievement positions Mero as Petrobras’s third field to surpass this benchmark. Continued advancements in technology and sustainability efforts highlight the strategic importance of the Mero field in Brazil’s oil industry.

The Mero field, situated in the pre-salt layer of Brazil’s Santos Basin, achieved a remarkable production milestone by generating 500,000 barrels of oil per day as of February 28. This makes it the third Petrobras field to reach such a significant output level. The field, part of the Libra block, was initially acquired by the Libra Consortium in 2013 under Brazil’s production sharing regime.

Currently, the Mero field operates four platforms, with the first, the FPSO Pioneiro de Libra, commencing production in 2017. The field’s production success is attributed to advancements in technology and innovative operational practices, underscoring Petrobras’s commitment to sustainability. “…The company remains committed to operating sustainably, optimizing production in existing fields…” – Magda Chambriard, CEO of Petrobras.

To support increased production, additional platforms—including the Guanabara, Sepetiba, and Duque de Caxias—are operational, with the FPSO Alexandre de Gusmão expected to start in 2025. This fifth unit will elevate the field’s capacity to 770,000 barrels per day. Presently, the pre-salt region constitutes 81% of Petrobras’ total output.

Mero ranks as Brazil’s third largest oil field, surpassed only by Tupi and Búzios regarding oil volume and production. Notably, continued investments in technology will further enhance output while minimizing greenhouse gas emissions. “…We have invested heavily in technological development…” – Sylvia Anjos, Petrobras’ Exploration and Production Director.

Discovered in 2010, the Mero field is located 180 kilometers off the coast of Rio de Janeiro at depths of 2,100 meters. The field operates under the Libra Production Sharing Contract with various stakeholders, led by Petrobras (38.6%), along with Shell Brasil, TotalEnergies, CNOOC, CNPC, and Pré-Sal Petróleo SA, among others.

In summary, the Mero field’s achievement of producing 500,000 barrels of oil daily underscores its significance within Brazil’s oil sector. With ongoing technological advancements and expansions of operational capacity, Mero is positioned for further growth in output. The collaboration among multiple stakeholders in the Libra Consortium exemplifies the shared commitment to enhancing Brazil’s energy capabilities sustainably.

Original Source: www.energy-pedia.com