Total announced first oil from Brazil
French oil and gas company Total and their consortium partners have announced first oil from the Iara licence in the deepwater Santos Basin pre-salt offshore from Brazil.
“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,” explained Arnaud Breuillac, President Exploration & Production at Total.
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%).
By 2025, Total’s production should exceed 100,000 barrels of oil per day.
Maritime Business World