- Lapa Southwest is a new development in the Lapa field, located in the Santos Basin, approximately 300 kilometers offshore Brazil.
  - The start-up will add production of 25,000 gross barrels of oil per day at plateau.
  - Brazil is a key country in Repsol’s global E&P portfolio, which focuses on core growth areas and has a strong track record of bringing new projects into production.

Repsol, through the joint venture Repsol Sinopec Brazil and in consortium with TotalEnergies and Shell, has started producing oil at Lapa Southwest, located in the Santos Basin, approximately 300 kilometers offshore Brazil.

Lapa Southwest will add 25,000 gross barrels of oil per day at plateau, raising total production of the Lapa field to around 60,000 gross barrels per day. Repsol Sinopec Brazil holds a 25% working interest in the project, with TotalEnergies (operator) holding 48% and Shell 27%, respectively.

The development of the project consists of the subsea tie-back of three wells to the Lapa Floating Production, Storage and Offloading (FPSO) unit, enabling the development of additional reserves while leveraging the available capacity of the existing Lapa FPSO.

“The start-up of Lapa Southwest is another example of our strong track record of efficient delivery on the key projects where we have taken FID in recent years. This enables us to continue high-grading our upstream portfolio,” said José Carlos Vicente Bravo, Executive Director of International E&P at Repsol.

In the first half of 2025, the Cypre and Mento projects in Trinidad and Tobago reached first gas, and Leon-Castile in the US Gulf delivered first oil in September. In the coming months, the first phase of Pikka in Alaska will start production. Together with Lapa Southwest, these projects are expected to contribute 80,000 low-breakeven, low-CO2-intensity barrels to the company in 2027.

Repsol is focusing its exploration and production portfolio on core growth areas, with Brazil as one of the key countries, where the Raia Project (BM-C-33), in the Campos Basin, also stands out. Developed in partnership with Equinor and Petrobras, it is expected to start operations in 2028, with the potential to become one of the country’s most significant sources of natural gas.

About Repsol Sinopec Brazil

Established in 2010, Repsol Sinopec is a joint venture formed by Repsol (60%) and Sinopec (40%). It is today the one of the largest oil and gas exploration and production companies in Brazil with a strong portfolio focused on offshore pre-salt assets, including producing fields such as Albacora Leste, Lapa, and Sapinhoá, and growth projects such as Raia. It was the first private company to participate in the opening of the Brazilian pre-salt exploration market, and it is one of the sector companies that have invested the most in the country over the past decade.

About Repsol

Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers.

To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry’s carbon footprint.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

About Shell plc

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.