TotalEnergies has announced its final investment decision of $1bn for the Lapa South-West oil development project.
The French company operates the project with a 45% stake in partnership with Shell, which owns 30% and Repsol Sinopec, which owns 25%.
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The field’s three wells connect to the existing Lapa floating production storage and offloading, 12km away. The wells have been producing the North-East part of the Lapa field since 2016.
Following the discovery of Sapinhoá, the Lapa field was divided into two sub-blocks. The entire commercial production of the Lapa field began in late 2016 with the 100,000 barrels-per-day FPSO Cidade de Caraguatatuba MV27.
Lapa South-West will raise the Lapa field’s output by 25,000 barrels of oil per day from 2025, increasing the total production to 60,000 per day.
Lapa, a pre-salt oil and gas field in the Santos basin, was previously known as Carioca. It was declared commercially viable in December 2013. TotalEnergies has operated in Brazil for over 40 years and employs over 3,000 people throughout its business areas, including exploration and production. In 2022, the French company’s output in the nation averaged 103,500 barrels of oil equivalent per day.
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