Total and partners report first oil from Iara field in Santos Basin

15 November 2019 (Last Updated November 15th, 2019 11:16)

Total and consortium partners have announced first oil from the Iara licence (Block BM-S-11A) in the deepwater Santos Basin pre-salt in Brazil.

Total and partners report first oil from Iara field in Santos Basin
Total and consortium partners announce the start of oil at Lara field. Credit: C Morrison from Pixabay.

Total and consortium partners have announced first oil from the Iara licence (Block BM-S-11A) in the deepwater Santos Basin pre-salt in Brazil.

The first oil marks the start-up of the floating production storage and offloading (FPSO) P-68 at Iara field, which is situated in the Santos Basin, 230km off the coast of Rio de Janeiro.

It is the first of the two FPSO units, which is already launched and installed on the Iara licence. P-70 is the second FPSO expected to come online next year.

Each of these units will operate at a capacity of 150,000bpd of oil and six million cubic metres of natural gas.

Operated by Petrobras, P-68 comprises ten producing wells and seven injection wells.

Total president Arnaud Breuillac said: “First oil from Iara is a new milestone for Total in Brazil.

“It increases our share of production from the highly prolific pre-salt area, adding to current output from the Total-operated Lapa field, and the extended well tests underway on the Mero field

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.

Commenting on the production, Shell Upstream director Wael Sawan said: “From winning new acreage to setting records in drilling and production, the country continues to solidify its place as a heartland in our upstream portfolio.

“Brazil is home to some of the best deepwater opportunities in the world and we look forward to working with Petrobras and other partners to progress additional development plans.”