Petrobras signs for FPSO on Brazil’s Mero field

Brazil

RIO DE JANEIRO, August 3, 2021 – Petrobras-led consortium Libra has made an FID with SBM Offshore to procure an FPSO on their offshore Mero field in Brazil, consortium partner Shell confirmed on Monday.

The Mero-4 FPSO has a processing capacity of 180,000 bpd and will join three similar vessels already deployed on the field.

The Mero field on the Libra block is estimated to have 3.3 billion barrels in recoverable reserves.

“As a replication of previous FPSOs for the Brazilian pre-salt, Mero 4 is a testimony to the way the Libra Consortium partners are working together in an integrated way to streamline and make our processes more efficient,” said Wael Sawan, upstream director for Shell.

The Libra consortium is composed of Petrobras (40%), Shell Brasil (20%), TotalEnergies (20%), China National Petroleum Company (10%) and China National Offshore Oil Corporation (10%).

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