• Upstream
  • Pipelines & Transport
  • Downstream
Friday, August 22, 2025
Oil&Gas Advancement
  • Home
  • News
    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Natural Gas Pipeline Expansion

    ICGB Secures Permit for Natural Gas Metering Station

    India Launches Deepwater Exploration Mission for Energy

    India Launches Deepwater Exploration Mission for Energy

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Imperial Oil Launches Renewable Diesel Production Complex

    Imperial Oil Launches Renewable Diesel Production Complex

    Egypt to Reach a Natural Gas Deal of $35 billion with Israel

    Egypt to Reach a Natural Gas Deal of $35 billion with Israel

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Foundation for offshore oil and gas

    Foundation for offshore oil and gas careers with BOSIET certificates

  • Projects
    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Eni Ghana Expands Natural

    Eni Ghana Expands Natural Gas for OCTP to Power Ghana

    Var Energi Partners with TechnipFMC

    Var Energi Partners with TechnipFMC for Subsea Projects

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Press Releases

Libra Consortium signs contract for second definitive production system of Mero field

in Press Releases, Production, Upstream
Libra Consortium
Share on FacebookShare on Twitter

Petrobras, the Libra Consortium operator, signed a contract on Monday (10/6) with the SBM Group to charter and operate the second definitive production system of Mero field, located in the northwestern area of the Libra block. The unit will be deployed in the Mero 2 project, about 180 km off the coast of Rio de Janeiro and an average water depth of 2,100 meters in the pre-salt of the Santos Basin.

The FPSO platform (Floating Production Storage and Offloading) will link up to 16 wells with a capacity to process up to 180,000 barrels of oil per day (bpd) and 12 million cubic meters/day of gas. Production is expected to start in 2022. The platform will join the FPSO Pioneiro de Libra, dedicated to early production systems, in operation since November 2017; and the FPSO Guanabara, the first unit planned for the definitive production system of Mero field, with production start-up scheduled for 2021.

“With this signature, we completed the contracting of the planned production arrangement for Mero field in the 2019-2023 Business and Management Plan. By the end of the plan period, we will have two definitive production systems under operation, which could add up to 360,000 barrels of oil per day to the production capacity operated by Petrobras. With the information now obtained in ongoing tests, we confirmed the high production potential of Mero field, which has an estimated reserve of 3-4 billion barrels,” said Carlos Alberto Pereira de Oliveira, Petrobras’ Upstream Executive Officer.

The unit will be operated by SBM, the company in charge of its construction, with a FPSO charter period of 22.5 years. Part of the construction will be carried out in Brazil, in a model similar to that adopted by other units chartered by Petrobras.

The Libra Consortium is operated by Petrobras (40%), in partnership with Shell (20%), Total (20%), CNPC (10%) and CNOOC Limited (10%), under management by Pré-Sal Petróleo S.A. (PPSA).

Previous Post

ExxonMobil proceeds with Argentina expansion project in Vaca Muerta Basin

Next Post

Brazil: Total Launches Phase 2 on the Giant Mero Field Development

Related Posts

Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
India Launches Deepwater Exploration Mission for Energy
Exploration Development

India Launches Deepwater Exploration Mission for Energy

August 16, 2025
ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd
News

ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

August 14, 2025
Imperial Oil Launches Renewable Diesel Production Complex
News

Imperial Oil Launches Renewable Diesel Production Complex

August 12, 2025
UK Company BP Makes Major Oil and Gas Discovery in Brazil
News

BP Makes Major Oil and Gas Discovery in Brazil

August 11, 2025
First E&P in Nigeria Eyes Gas Exploration in East Africa
Africa

First E&P in Nigeria Eyes Gas Exploration in East Africa

August 7, 2025
Next Post
Total Oil Company production

Brazil: Total Launches Phase 2 on the Giant Mero Field Development

LatestNews

Natural Gas Pipeline Expansion
News

ICGB Secures Permit for Natural Gas Metering Station

August 19, 2025
India Launches Deepwater Exploration Mission for Energy
Exploration Development

India Launches Deepwater Exploration Mission for Energy

August 16, 2025
ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd
News

ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

August 14, 2025
Venture Capital Makes Phenomenal US LNG Investment
America

Venture Capital Makes Phenomenal US LNG Investment

August 13, 2025
Imperial Oil Launches Renewable Diesel Production Complex
News

Imperial Oil Launches Renewable Diesel Production Complex

August 12, 2025
Egypt to Reach a Natural Gas Deal of $35 billion with Israel
Marketing & Distribution

Egypt to Reach a Natural Gas Deal of $35 billion with Israel

August 12, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.