Libra Consortium pronounces first manufacturing at Mero subject’s FPSO Guanabara in Brazilian pre-salt

Libra Consortium pronounces first manufacturing at Mero subject’s FPSO Guanabara in Brazilian pre-salt

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, pronounces the beginning of manufacturing of the FPSO Guanabara within the Mero subject, offshore Santos Basin in Brazil. The FPSO Guanabara, which whereas beneath building was also called Mero-1, has an put in capability of 12 million cubic meters of pure fuel and 180,000 barrels of oil per day and initially has six producing wells and 7 injector wells related to the sphere.

“At present’s announcement serves as the newest reminder of the energy of our place in Deep Water in Brazil with world-class belongings, a prolific basin and a strong portfolio,” stated Zoe Yujnovich, Shell Upstream Director. “Mero is a part of our core Upstream place, which is a cornerstone of our Powering Progress technique to ship the steady, safe power assets the world wants in the present day whereas investing within the power of the longer term.”

Situated 150 kilometers from the Rio de Janeiro coast and in a water depth that reaches 1,930 meters, Mero will obtain three extra FPSOs between 2023 and 2025. Shell’s Powering Progress technique contains rising funding in decrease carbon power options, whereas persevering with to pursue probably the most resilient, aggressive, and highest return Upstream investments to maintain materials money supply into the 2030s, to assist our dividend and fund Shell’s transformation. Our international deep-water portfolio represents two core positions in our Upstream enterprise with prolific basins within the US and Brazil, together with an thrilling frontier exploration portfolio in Mexico, Suriname, Argentina, and West Africa.
Notes to editors
Shell Brasil Petroleo is a subsidiary of Shell plc.
Closing Funding Choice (FID) on Mero-1 was introduced in 2018.
The Mero subject is a part of the Libra Manufacturing Sharing Contract (PSC), signed in Dec 2013. Libra is positioned within the Santos basin, 170 km south of Rio de Janeiro in 2100 m of water.
Modec is answerable for the engineering, procurement, building, mobilization, set up, and operation of FPSO Guanabara, together with topsides processing gear in addition to hull and marine methods.
After the unitization in 2018, Shell Brasil holds a 19.3 p.c stake in Mero, together with Petrobras (operator), with a 38.6 p.c stake, TotalEnergies (19.3 p.c), CNPC (9.65 p.c), CNOOC Restricted (9.65 p.c), and PPSA (3.5 p.c).