Total and consortium partners have announced the commencement of the floating production storage and offloading (FPSO) P-70 on the Iara cluster in the deepwater Santos Basin pre-salt in Brazil.

The vessel is receiving oil and gas from the Atapu field in the eastern part of the pre-salt area. Atapu is located near the Búzios field offshore Brazil.

In November last year, Total and consortium partners announced first oil from the Iara licence (Block BM-S-11A), marking the start-up of first FPSO P-68 at Iara field in Brazil. Operated by Petrobras, P-68 comprises ten producing wells and seven injection wells.

The Sururu, Berbigão and Oeste de Atapu fields are included in the Iara licence.

In January 2018, Total purchased 22.5% of the rights of the Iara area from Petrobras.

Petrobras (42.5%), Shell Brasil (25%) and Petrogal Brasil (10%) are the other partners in the Iara fields.

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By GlobalData

Each of the P-68 and P-70 units on the Iara licence will operate at a capacity of 150,000 barrels of oil per day (bpd).

Total Exploration & Production president Arnaud Breuillac said: “The ramp-up of Iara’s production reflects Total’s growth strategy in the Brazilian deep offshore, where the group focuses on giant projects that produce barrels of oil at a competitive cost, resilient in the face of oil price volatility.

“The group production in the country should reach 150,000 barrels of oil per day by 2025, thanks to ongoing developments on the Iara, Mero and Lapa projects.”

Total and Occidental Petroleum announced the end of a sale deal for Total to buy the Algerian and Ghanaian assets of former producer Anadarko.