The company announced the new investment plan during a conference to present the results for 2022. TotalEnergies expects to expand its participation in the Brazilian pre-salt with new projects for oil exploration in 2023.

The president of TotalEnergies, Patrick Pouyanne, announced this Wednesday, (08/02), his new investment plan for the Brazilian oil and gas in 2023. The company will invest a total of US$ 4,5 billion in new oil and natural gas projects in the pre-salt region, with a focus on the Santos Basin. The Mero, Atapu and Sépia fields will be the main highlights in the new fuel exploration ventures in the country.

TotalEnergies' US$4,5 billion investment plan in the Brazilian pre-salt will focus on new projects in the Santos Basin region fields

One of the most important companies in the global energy sector, TotalEnergies is preparing for an even more expansive year in 2023 in the Brazilian market.

The company already has a strong presence in oil and gas projects in the national territory, but expects to achieve new ventures over the next few months.

The president of TotalEnergies, Patrick Pouyanne, commented at a conference this Wednesday that the company already has an investment plan for 2023, with a total of US$ 4,5 billion planned for Brazil.

The value will be turned to new projects of exploration of the national pre-salt region, aiming to take advantage of the high potential of oil production.

The French company is preparing at least three new fuel production ventures in the Santos Basin region.

“We have some new projects that we are going to work on, like in Brazil in particular. We have Mero 2 on the scene and we will have Atapu 2 and Sepia 2 to sanction this year”, declared the company's president during the meeting.

The Company has a stake in the Santos Basin pre-salt in the Atapu, Mero and Sépia fields, with strong investments planned for the areas

The statements were made during an investor conference to detail the company's results in the fourth quarter of 2022.

TotalEnergies has a strong presence in the region of Santos Basin in Brazil. It holds a 19,3% stake in Mero, a 22,5% stake in the Atapu sharing agreement and a 28% stake in Sépia.

These three areas should be the company's main focus in investments aimed at pre-salt projects throughout 2023.

Considering all the applications foreseen for the year, TotalEnergies should invest between US$ 16 billion and US$ 18 billion until the end of 2023.

In addition to oil and natural gas, the amounts will be applied to exploring the renewable energy sectors around the world.

TotalEnergies' investments in projects in the Brazilian pre-salt will guarantee even more opportunities for job creation and socioeconomic development in the national oil and gas sector.

Learn more about TotalEnergies in Brazil

TotalEnergies has been present in Brazil for over 40 years, employing more than 3.000 professionals committed to better energy. Its six subsidiaries operate in the country in the sectors of exploration and production of oil, gas, distribution of fuels and lubricants, chemistry, energy storage and renewable energies (solar and wind).

Brazil is considered an important country for TotalEnergies' global growth strategy. The potential of oil and gas reserves, the large volume of natural resources and the recognized expertise of local professionals are attractive for long-term investments in the region.