Mero-2 includes a floating production, storage and offloading (FPSO) unit with a capacity of 180,000 barrels per day (bpd). Credit: Serge Prakhov/Shutterstock.

The Libra consortium has commenced production from the second development phase of the Mero oilfield offshore Brazil.  

Located in the Libra block, the field is operated by Brazilian state-owned oil and gas company Petrobras, which has a 38.6% stake. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Petrobras’ partners in the project include TotalEnergies (19.3%), Shell Brasil (19.3%), China National Petroleum Corporation (9.65%), China National Offshore Oil Corporation (9.65%) and Pré-Sal Petróleo (3.5%). 

Libra is situated in the Santos basin at a depth of 1,900–2,100m, 150–180km south of Rio de Janeiro. 

The second phase, known as Mero-2, includes the Sepetiba FPSO unit with a capacity of 180,000bpd. 

The Sepetiba FPSO was sanctioned in June 2019 and is designed to achieve zero routine flaring, thereby reducing greenhouse gas emissions.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Mero field’s production capacity is expected to reach 410,000bpd with the addition of Mero-2, which is the field’s third production system. 

As per the announcement, construction of two more phases, Mero-3 and Mero-4, each with 180,000bpd of capacity, is under way. 

Mero-3 and Mero-4 are scheduled to commence operations by 2025. 

FPSO Guanabara, also referred to as Mero-1, achieved first production in April 2022.  

TotalEnergies chairman and CEOPatrick Pouyanné said: “The production start-up of Mero-2 is a new milestone for TotalEnergies in Brazil, a key growth area for the company. With its vast resources and world-class productivity, the Mero development delivers low-cost and low-emission oil production, in line with the strategy of our company.” 

Shell integrated gas and upstream director Zoë Yujnovich said: “The FPSO Sepetiba development leverages our world-class partnership with Petrobras and reinforces our presence in one of the most productive fields in Brazil. 

“This project aligns with Shell’s Powering Progress strategy and our commitment to leverage increasingly efficient and competitive developments in our heartlands to provide safe, secure energy supplies today and for decades to come.”