Atapu-2 oil development, Brazil

28th June 2024 By: Sheila Barradas - Creamer Media Research Coordinator & Senior Deputy Editor

Atapu-2 oil development, Brazil

Name of the Project
Atapu-2 oil development.

Location
Presalt Santos basin, off the shore of Brazil.

Project Owner/s
Petrobras holds a 65.7% stake in the shared reservoir of Atapu, in partnership with Shell (16.7%), TotalEnergies (15%), Petrogal Brasil (1.7%) and the Brazilian government’s representative in the noncontracted area Pré-Sal Petróleo SA (0.9%).

Project Description
The Atapu field has been producing oil through the P-70 floating production storage and offloading (FPSO) unit, with a production capacity of 150 000 bbl/d of oil, since 2020.

Phase 2 of the development, Atapu-2 (P-84), will comprise a newly built FPSO with a capacity of 225 000 bbl/d and a processing capacity of ten-million cubic metres a day of gas.

The project has been designed to minimise greenhouse-gas emissions through an all-electric configuration and technologies such as waste heat recovery, closed flare, cargo oil tank gas recovery and variable-speed drives for compressors and pumps.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
First oil is expected between 2029 and 2030.

Latest Developments
The joint venture partners made a final investment decision in May 2024.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Petrobras, tel +55 21 99921-1048 or email imprensa@petrobras.com.br.
TotalEnergies media relations, tel +33 1 47 44 46 99 or email presse@totalenergies.com; or investor relations, tel +33 1 47 44 46 46 or email ir@totalenergies.com.
Petrogal Brasil. tel +351 21 724 08 66 or email investor.relations@galp.com.
Pré-Sal Petróleo SA, email comunicacao@ppsa.gov.br.