Home Total Company wants to triple its production in the next 4 years in Brazil.

Total Company wants to triple its production in the next 4 years in Brazil.

1 October 2018 to 03: 46
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Total Company

With acquisitions of percentages in several pre-salt fields, this longing in the oil and gas area is getting closer and closer to happening.

Total SA is a company in the petrochemical and energy sector with headquarters in La Défense in Paris. Present in more than 130 countries, employing more than 1000 people, the group has been present in Brazil for over 000 years. Currently, five of its subsidiaries operate in the country in the Exploration & Production, Marketing & Services, Refining & Chemicals and Gas, Renewable Energies & Power segments. In Brazil alone, the company has more than 40 employees, committed to better energy.

Considered an important country for the group's global growth strategy, Brazil has the potential of oil and gas reserves with the Pound Field in the pre-salt in the Santos Basin.

The large French multinational intends to more than triple its oil and gas production in the next four years in Brazil. According to the global president of Total Exploration and Production Arnaud Breuillac, he announced this week that the company's goal is to reach a production of 100 barrels of oil per day (BOE/day) in the country in 2022.

Currently in Brazil, it produces around 30 boe/day. Total operates in Lapa Field and is a minority partner of Petrobras in assets such as Iara e Pound, all in the pre-salt Santos basin.

The global president pointed out that the company has built a portfolio of “high quality” assets in the country in recent years, with very competitive assets in deep waters, with growing low-cost production.

Earlier this year, the company acquired a 35% stake (and the operation) of Lapa Field by Petrobras, being the first foreign oil company to operate a pre-salt field. The intention is to start a new production phase in the field from next year (2019).

The French state-owned company is also a partner of Petrobras with a 20% stake in the Mere which is the northwest part of the Libra field, which started the testing phase in November last year. Total estimates that Libra has a potential for between 3 and 4 billion barrels of oil. The oil company also owns 20% of the Wild cat still in the pre-salt layer, operated by Shell, which began drilling in 2019 and in January bought a 22,5% stake from Petrobras in the right to Iara, expected to start producing later this year.

Acquisitions worth US$1,95 billion in the Lapa and Iara fields have been Total's main move in Brazil since 2013. The multinational even participated in the 2017 and 2018 auctions, but did not acquire many assets

In all, the company has a portfolio of 17 blocks for exploration in the Santos, Foz do Amazonas, Ceara, Barreirinhas, Espirito Santo and Pelotas basins.

With all these acquisitions and expectaons to increase production, Total will need a skilled, dedicated workforce, up-to-date in English and in tune with the Oil and Gas world, which still has a lot to explore.

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