Libra Consortium partners collaborate on Mero field development
By Global Infrastructure Sherpa · Feb 23, 2026
180000 barrels of oil production
Capacity
Shell Brasil and its partners in the Libra Consortium, including TotalEnergies, CNPC, CNOOC, and Pré-Sal Petróleo S.A., are collaborating on the Mero field development, which reached first oil production from the FPSO Alexandre de Gusmão.
Deal Analysis
The Libra Consortium's collaboration on the Mero field development in Brazil signifies a major undertaking in the pre-salt oil reserves. Led by Shell Brasil and involving TotalEnergies, CNPC, CNOOC, and Pré-Sal Petróleo S.A., the project has achieved first oil production from the FPSO Alexandre de Gusmão, marking a crucial milestone. While the financial details remain undisclosed, the involvement of multiple international energy giants underscores the project's scale and strategic importance for the participating companies and Brazil's energy sector.
This development is notable due to the participation of several large, global energy companies, including TotalEnergies, a global integrated energy company. The Mero field is a significant asset within Brazil's pre-salt region, known for its substantial oil reserves. The success of this collaboration could pave the way for further developments in the area, potentially impacting Brazil's oil production capacity and its position in the global energy market.
- Collaboration between Shell Brasil, TotalEnergies, CNPC, CNOOC, and Pré-Sal Petróleo S.A.
- First oil production achieved from the FPSO Alexandre de Gusmão.
- Project located in Brazil's pre-salt region, known for its substantial oil reserves.
- Involvement of major international energy companies.
Market Context: The deal is taking place in Brazil's pre-salt oil sector, a region known for its deepwater oil reserves and significant production potential. This sector attracts substantial investment from both domestic and international energy companies.
Source Intelligence
KEY DETAILS
The FPSO will be connected to 12 wells. "As part of the project, the FPSO will be connected to 12 wells boasting an operational capacity of roughly 12 million cubic meters of gas compression per day, as well as 180,000 barrels of oil production."
The FPSO is located approximately 111 miles off the coast of Rio de Janeiro in water depths of roughly 2,000 meters. "The newly connected FPSO can be located approximately 111 miles off the coast of Rio de Janeiro in water depths of roughly 2,000 meters."
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Capacity
180,000 barrels of oil production
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Location
in the Mero field in the Santos Basin
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Announcement
by Warren February 23, 2026
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Signing
which was signed in 2013
PARTIES MENTIONED IN SOURCE
S
Shell Brasil Petróleo
developer
"Royal Dutch Shell, through its Brazilian subsidiary, Shell Brasil Petróleo, has begun production at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in offshore Brazil."
T
TotalEnergies
developer
"TotalEnergies (19.3%)"
C
CNPC
developer
"CNPC (9.65%)"
C
CNOOC
developer
"CNOOC (9.65%)"
P
Pré-Sal Petróleo S.A.
developer
"Pré-Sal Petróleo S.A. (PPSA) (3.5%)"
medium quality
Enriched Feb 24, 2026
Market Context
This deal is part of the Transport sector in Brazil.
1 of 110 Transport deals tracked this month · Updated daily
Global Infrastructure Sherpa