TotalEnergies Approves FID for $1B Lapa Oil Project Offshore Brazil

January 16, 2023

TotalEnergies Approves FID for $1B Lapa Oil Project Offshore Brazil
Credit: TotalEnergies

French oil major TotalEnergies has approved the final investment decision for the Lapa South-West oil development located in the Santos Basin, 300 kilometers offshore Brazil.

The company operates the project with a 45% interest. Its partners are Shell (30%) and Repsol Sinopec (25%).

TotalEnergies said that the Lapa South-West will be developed through three wells, connected to the existing Lapa FPSO located 12 km away and currently producing from the north-east part of the Lapa field since 2016. 

At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.

TotalEnergies said that the development represented an investment of around $1 billion.


Ørsted Concerned by 'negative bidding' for German Offshore Wind

February 2, 2023

Ørsted Concerned by 'negative bidding' for German Offshore Wind

Leading Light Wind Bids for New York Offshore Wind Contract

January 27, 2023

Leading Light Wind Bids for New York Offshore Wind Contract

Norwegian Marine Seismic Player Enters Offshore Wind Market

January 25, 2023

Norwegian Marine Seismic Player Enters Offshore Wind Market

First Sea Cable Installed for TenneT's West Alpha Offshore Substation

January 26, 2023

First Sea Cable Installed for TenneT's West Alpha Offshore Substation

Norwegian Marine Seismic Player Enters Offshore Wind Market

January 25, 2023

Norwegian Marine Seismic Player Enters Offshore Wind Market

Highland Council Grants Planning Permission for Pentland Floating Wind Farm's Onshore Infrastructure

January 26, 2023

Highland Council Grants Planning Permission for Pentland Floating Wind Farm's Onshore Infrastructure