TotalEnergies - Brazil: Start-up of Lapa South-West
MWN-AI** Summary
TotalEnergies has announced the commencement of its Lapa South-West project, which is strategically located in Brazil's Santos Basin, about 300 kilometers offshore. As the operator with a 48% interest, TotalEnergies aims to bolster production from the Lapa field by an additional 25,000 barrels per day through the inclusion of three new wells connected to the existing Lapa floating production, storage, and offloading (FPSO) unit. Nicolas Terraz, President of Exploration & Production, emphasized that this milestone reflects TotalEnergies' commitment to Brazil, a vital growth market for the company.
The Lapa South-West project aligns with TotalEnergies’ strategy to maintain low-cost and low-emission oil production, contributing to the company’s goal of a 3% annual production increase until 2030. With this launch, TotalEnergies continues to expand its Brazilian portfolio, following the recent initiation of the Mero-4 project and ahead of several upcoming start-ups, including Atapu-2 and Sépia-2 anticipated by 2029.
TotalEnergies has operated in Brazil for five decades, employing nearly 4,000 individuals across its various sectors, including Exploration & Production, gas, and renewable energy. The company is actively investing in the renewable energy sector, having partnered with Casa dos Ventos in late 2022 to develop a 12 GW portfolio encompassing wind, solar, and battery storage. As of 2025, TotalEnergies' average production in Brazil stands at 184,500 barrels of oil equivalent per day, demonstrating its substantial footprint in the region.
Overall, the start-up of the Lapa South-West project marks a significant step forward in TotalEnergies’ growth trajectory in Brazil, reinforcing its status as a leader in both conventional and renewable energy sectors.
MWN-AI** Analysis
TotalEnergies’ recent start-up of the Lapa South-West project in Brazil represents a significant advancement in the company's strategic growth objectives within the region. With the addition of approximately 25,000 barrels per day to the existing production, this project underscores TotalEnergies’ commitment to optimizing operational efficiency and expanding output while remaining aligned with sustainability goals.
The Lapa South-West project is an integral part of TotalEnergies’ overall operations in Brazil, which is crucial for its long-term growth plans. The company aims for an annual production increase of 3% until 2030, and the successful integration of three new wells into its existing floating production, storage, and offloading (FPSO) unit is a practical step in achieving this aim. By utilizing current infrastructure, TotalEnergies minimizes capital expenditures while maximizing production capabilities.
Investors should pay attention to TotalEnergies’ strategic positioning in Brazil, particularly as this market remains a pivotal part of its exploration and production operations. Additionally, with further projects such as Mero-4 (initiated in May 2025) and anticipated initiatives like Atapu-2 and Sépia-2, TotalEnergies demonstrates a forward-looking approach that may yield significant production gains and revenue growth in the coming years.
Furthermore, TotalEnergies’ investments in renewable energy, exemplified by its partnership with Casa dos Ventos for a 12 GW renewable energy portfolio, reflect its commitment to diversifying energy sources and enhancing sustainability. This dual strategy—expanding fossil fuel production while bolstering renewable investments—positions TotalEnergies favorably against competitors focusing solely on one sector.
In conclusion, TotalEnergies' focus on Brazil, combined with its dual energy strategy, presents a compelling investment opportunity. Maintaining a close eye on operational performance and upcoming projects will be key as the company strives for growth in a competitive landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (48%, operator) announces the start-up of the Lapa South-West project, located in the Santos Basin, approximately 300 kilometers offshore Brazil.
The Lapa South-West project, including three wells connected to the existing Lapa floating production, storage, and offloading (FPSO) unit, will increase production from the Lapa field by 25,000 barrels per day.
“The start-up of our operated Lapa South-West project marks another important milestone for TotalEnergies in Brazil, a key growth country for our Company,” said Nicolas Terraz, President Exploration & Production of TotalEnergies . “This project, which leverages the available capacity of the existing Lapa facilities, delivers low cost and low emission oil production in line with our Company strategy and contributes to the achievement of our objective to grow our production by 3% per year until 2030”.
With this start-up, TotalEnergies continues to ramp up its portfolio in Brazil, following the start-up of Mero-4 in May 2025, and ahead of the start-ups of Atapu-2 and Sépia-2 expected in 2029.
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About TotalEnergies in Brazil
TotalEnergies has been operating in Brazil for 50 years and employs close to 4,000 people in the country. Its presence encompasses Exploration & Production, gas, renewable electricity (solar and wind), lubricants and chemicals.
TotalEnergies' Exploration & Production portfolio in the country currently includes 9 licenses, of which four are operated. In 2025, the Company’s average production in the country was 184,500 barrels of oil equivalent per day.
TotalEnergies is investing in the growth of the renewable energy segment in Brazil: in October 2022, it entered a partnership with Casa dos Ventos, Brazil's leading renewable energy player, to jointly develop a 12 GW renewable energy portfolio, including onshore wind, photovoltaic and battery storage.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
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FAQ**
How will the successful start-up of the Lapa South-West project contribute to TotalEnergies SE TTFNF's overall production growth goals of 3% per year until 2030, particularly in the context of its existing operations in Brazil?
What synergies does TotalEnergies SE TTFNF expect to leverage from the existing Lapa FPSO unit to ensure low-cost and low-emission oil production at the Lapa South-West project?
As TotalEnergies SE TTFNF ramps up operations in Brazil, how does the company plan to balance its investments in fossil fuels with its commitment to renewable energy and sustainability?
Can TotalEnergies SE TTFNF provide insights on how the Lapa South-West project's oil production aligns with its long-term strategy focusing on low-carbon technologies and renewable energy development?
**MWN-AI FAQ is based on asking OpenAI questions about TotalEnergies SE (OTC: TTFNF).
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