Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced the start of production of the floating production storage and offloading facility (FPSO) Marechal Duque de Caxias in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. Also known as Mero-3, the FPSO has an operational capacity of 180,000 barrels of oil per day. (Shell share 19.3%)

“Mero-3 demonstrates our commitment to increasingly efficient and competitive projects,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. “Brazil is a material contributor to Shell’s deep-water oil and gas production, and through our ongoing partnership with Petrobras in the Mero field, we can help continue to deliver safe and secure energy from one of the country’s most productive fields.”

The FPSO Marechal Duque de Caxias is located 200 kilometres from the coast of Rio de Janeiro in a water depth of 2,200 metres. Its predecessor, the FPSO Sepetiba (Mero-2), announced first production in December 2023. The FPSO Guanabara (Mero-1) started production in May 2022.

Notes:

   - Final Investment Decision on Mero-3 was announced in August 2020.
   - The Mero field is part of the Libra Production Sharing Contract (PSC), signed in December 2013.
   - Mero-3 contributes to Shell’s Capital Market Day 2023 commitment to deliver upstream and integrated gas projects coming on stream between 2023 to 2025 with a total peak production of more than 500,000 barrels of oil equivalent per day (boe/d).
T   - he three FPSOs now online, along with the Early Production System (EPS), represent a total installed production capacity of 590,000 boe/d.
   - SBM Offshore MISC is responsible for the engineering, procurement, construction, mobilisation, installation, and operation of FPSO Marechal Duque de Caxias, including providing topside processing equipment as well as hull and marine systems.
   - Shell Brasil holds a 19.3 percent stake in the Mero Unitized Field, along with other members of the Libra Consortium: Petrobras (38.6 percent - operator), TotalEnergies (19.3 percent), CNPC (9.65 percent), CNOOC (9.65 percent), and PPSA (3.5 percent) representing the Government in the non-contracted area.

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Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.