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FID taken on Mero-2 PFSO in Brazil’s pre-salt

The Libra consortium has announced a final investment decision (FID) to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the offshore Santos Basin, Brazil.

The FPSO will have the capacity to process up to 180,000 b/d of oil. The consortium plans four new production systems to be deployed in the Mero field. Mero-2 is the second, with first oil expected in 2022. 

The Libra consortium, which operates production on the Libra block, is led by Petrobras – with a 40% stake – in partnership with Shell (20%), Total (20%), and Chinese companies CNPC (10%) and CNOOC (10%). The consortium also has the participation of the state-owned enterprise Pré-Sal Petróleo (PPSA), which operates as contract manager. 

News Item details


Journal title: Petroleum Review

Countries: Brazil -

Subjects: Banking, finance and investment, Oil, Exploration and production

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