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The Company Announced The New Investment Plan During A Conference For The Presentation Of The 2022 Results. 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 on Wednesday (02/08) its new investment plan for the Brazilian oil and gas market 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, focusing on the Santos Basin. The Mero, Atapu, and Sépia fields will be the main highlights in the new exploration ventures for fuels 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
One of the most important companies in the global energy sector, TotalEnergies is preparing for an even more expansive year in the Brazilian market in 2023.
The company already has a strong presence in oil and gas projects in the national territory but hopes to secure new ventures over the coming months.
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The President of TotalEnergies, Patrick Pouyanne, commented at a conference on Wednesday that the company already has an investment plan for 2023, with a total of US$ 4.5 billion planned for Brazil.
The amount will be directed towards new exploration projects in the national pre-salt region, aiming to take advantage of the high production potential of oil.
The French company is preparing at least three new fuel production ventures in the Santos Basin region.
“We have some new projects that we will work on, particularly in Brazil. We have Mero 2 coming into play and will have Atapu 2 and Sépia 2 to sanction this year,” declared the company’s president during the meeting.
The Company Holds Participation 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 a conference with investors to detail the company’s results for the fourth quarter of 2022.
TotalEnergies has a strong presence in the Santos Basin in Brazil. It holds a 19.3% stake in Mero, a 22.5% stake in the Atapu sharing contract, and a 28% stake in Sépia.
These three areas are expected to be the main focuses of the company’s investments directed to pre-salt projects throughout 2023.
Considering all planned allocations for the year, TotalEnergies is expected to invest between US$ 16 billion and US$ 18 billion by the end of 2023.
In addition to oil and natural gas, the funds will also be applied to explore the renewable energy sectors worldwide.
TotalEnergies’ investments in projects in the Brazilian pre-salt will ensure 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 oil and gas exploration and production, fuel and lubricant distribution, chemicals, 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.
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