Repsol, through the joint venture Repsol Sinopec Brasil and in a consortium with TotalEnergies and Shell, has started oil production at Lapa Southwest, located in the Santos Basin about 300 kilometers off the coast of Brazil, the Spanish company said.
In the project, Repsol Sinopec Brasil holds a 25% stake, while TotalEnergies, the operator, holds 48% and Shell owns 27%, the company said in a statement.
The project involves subsea tiebacks of three wells to the Lapa floating production, storage, and offloading (FPSO) unit, enabling the development of additional reserves while utilizing existing capacity.
Once it reaches steady oil production, Lapa Southwest will add 25,000 gross barrels of oil per day, increasing total output from the Lapa field to around 60,000 gross barrels per day.
Repsol’s Executive Director of International Exploration and Production, José Carlos Vicente Bravo, said the startup of Lapa Southwest will allow the company to continue optimizing and prioritizing the highest-quality assets in its upstream portfolio.
The company also noted that during the first half of 2025, the Cypre and Mento projects in Trinidad and Tobago began producing gas, while the Leon-Castile project in the U.S. Gulf achieved first oil in September.
In the coming months, the Spanish energy multinational will start production from the first phase of the Pikka project in Alaska. Together with Lapa Southwest, these key projects are expected to add 80,000 barrels to the company’s output by 2027.
