TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken the Final Investment Decision (FID) for the second development phase of Atapu and Sépia oil fields, located offshore Brazil. The Atapu field is operated by Petrobras (65.7%), in partnership with TotalEnergies (15%), Shell (16.7%), Petrogal (1.7%) and PPSA (0.9%). The field has been producing since 2020 through the P-70 Floating Production Storage and Offloading (FPSO) unit, with a production capacity of 150,000 bbl/d. Its second development phase, Atapu-2, will comprise a new-built FPSO of 225,000 bbl/d capacity. On the other hand, the Sépia field has been producing since 2021 through the 180,000 bbl/d Carioca FPSO unit. The second development phase, Sépia-2, will also comprise a new-built FPSO of 225,000 bbl/d capacity. TotalEnergies owns an interest of 16.9% in the Sépia field, in partnership with Petrobras (55.3%, operator), Petronas (12.7%), QatarEnergy (12.7%) and Petrogal (2.4%). The two FPSOs are expected to start producing as from 2029.
Brazil has large energy resources. Proven reserves of oil and condensates are estimated at 1,813 Mt and gas reserves at 406 bcm (end of 2022).