TotalEnergies Increases its Interest in Braizl's Lapa

Azernews.Az

4 June 2025 19:37 (UTC+04:00)

Akbar Novruz

TotalEnergies announces the signature of an agreement with Shell Brasil Petróleo Ltda to exchange its non-operated interest in the Gato do Mato project for an additional interest in Lapa. Upon closing, TotalEnergies will increase its stake in Lapa to 48% (Operator), alongside Shell (27%) and Repsol Sinopec (25%), Azernews reports. Located in the Santos Basin, 270 kilometers off the coast of Brazil, Lapa is a deep-offshore field operated by TotalEnergies. The Lapa South-West tie-back development, approved in 2023, will increase production by...

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