(PN) The entry into operation of the first definitive system in the Mero field, in the Santos Basin, will help to jumpstart the global production of French company TotalEnergies. The European oil company announced in its report of the financial and operating results for 2021, that it expects a 2% growth in its hydrocarbon production, driven by the start of production at the FPSO Guanabara, in Mero, scheduled for the first semester. The field is operated by Petrobras, in consortium with Shell (20%), TotalEnergies (20%), CNODC (10%), CNOOC (10%) and Pré-Sal Petróleo (PPSA).
In addition TotalEnergies is part of the consortium that purchased the surplus volumes from the Sépia and Atapu fields, in the Transfer of Rights of the Santos Basin. This fact is also being taken into account by the company’s management and influenced the production forecast for 2022. The performance of the Ikike field, in Nigeria, also entered the equation of the oil company.
“TotalEnergies forecasts a growth in hydrocarbon production in 2022 of around 2%, driven by the start-up of Mero 1 in Brazil and Ikike in Nigeria, the entry into the PSCs [production sharing contracts] Atapu and Sépia in Brazil from May 2022, but impacted by mature asset sales completed in 2021, as well as Myanmar’s departure from July 2022,” he said.
TotalEnergies’ hydrocarbon production in 2021 was 2.819 million barrels of oil equivalent per day, down 2% from the previous year. The French company reported a record profit of US$16 billion, leaving behind a loss of US$7.2 billion in 2020. The company expects to invest around US$15 billion in 2022. “We entered 2021 with caution, we didn’t know where we were going at the beginning of the year and we saw a completely inverted environment. We made the most of this favorable environment, especially in the second half of the year,” said Total CEO Patrick Pouyanné
Brazil Energy Insight 
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