Deals Counterparts

TotalEnergies, Repsol, and Shell bring Lapa South-West oil project online off Brazil

Development Oil Gas announced Brazil Mar 11, 2026
operating
Stage
Lapa South-West project
Project

TotalEnergies, Repsol Sinopec Brazil, and Shell have commenced production from the Lapa South-West project in Brazil's Santos Basin, an offshore oil and gas development. The project, operated by TotalEnergies with a 48% interest, is expected to increase production from the Lapa field by approximately 25,000 barrels of oil per day, leveraging existing subsea infrastructure tied back to the Lapa FPSO unit. This development contributes to TotalEnergies' objective to grow production by 3% per year until 2030 and follows other recent upstream developments in Brazil.

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Deal Analysis

TotalEnergies has brought its Lapa South-West project online off Brazil, immediately boosting output from the existing Lapa field by approximately 25,000 barrels of oil per day. Operating with a 48% interest, TotalEnergies, alongside partners Repsol Sinopec Brazil and Shell, efficiently tied the new development into the existing Lapa FPSO unit and subsea infrastructure. This production increase directly contributes to TotalEnergies' objective of achieving 3% annual production growth through 2030, following other recent upstream developments in Brazil. Shell, a global energy group accelerating its transition to net-zero, participates as a partner in this conventional oil and gas development.
  • Adds ~25,000 bopd to Lapa field production.
  • TotalEnergies operates with a 48% interest.
  • Contributes to TotalEnergies' 3% annual production growth target until 2030.
  • Utilizes existing Lapa FPSO and subsea infrastructure.

Source Intelligence

KEY DETAILS

The project is expected to increase production from the Lapa field by around 25,000 barrels of oil per day. "expected to increase production from the Lapa field by around 25,000 barrels of oil per day." Total production from the Lapa field is lifted to around 60,000 gross barrels of oil per day. "The start-up lifts total production from the Lapa field to around 60,000 gross barrels of oil per day." The project leverages existing subsea infrastructure tied back to the Lapa FPSO unit. "leveraging existing subsea infrastructure tied back to the Lapa FPSO unit." The FPSO unit is named Cidade de Caraguatatuba MV27. "The FPSO Cidade de Caraguatatuba MV27, deployed for operation in the Lapa field (Credit: MODEC)" TotalEnergies holds a 48% interest, Repsol Sinopec Brazil 25%, and Shell 27%. "TotalEnergies operates the project with a 48% interest, alongside Repsol Sinopec Brazil with 25% and Shell with 27%." The development uses subsea infrastructure tied back to the existing FPSO, allowing the partners to develop additional reserves while utilizing spare processing capacity on the facility. "The development uses subsea infrastructure tied back to the existing FPSO, allowing the partners to develop additional reserves while utilizing spare processing capacity on the facility." This project delivers low cost and low emission oil production. "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" It contributes to TotalEnergies' objective to grow production by 3% per year until 2030. "and contributes to the achievement of our objective to grow our production by 3% per year until 2030"

Location
TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. Located approximately 300 km offshore
COD
Published Mar 11, 2026 6:51 am ET [...] TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project
PARTIES MENTIONED IN SOURCE
T
TotalEnergies developer

"TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. [...] TotalEnergies operates the project with a 48% interest"

R
Repsol Sinopec Brazil developer

"TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. [...] alongside Repsol Sinopec Brazil with 25%"

S
Shell developer

"TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. [...] and Shell with 27%."

medium quality Enriched Mar 11, 2026

Timeline

Announced
Mar 11, 2026
Signed
Closed

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