TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies has commenced oil production from the Mero-3 project in Brazil’s Santos Basin, boosting the Mero field’s overall capacity to 590,000 barrels per day. This development underscores the company’s commitment to sustainable and cost-effective oil production, aligning with their strategic focus on growth in Brazil. With further expansion plans underway, including the upcoming Mero-4 project, TotalEnergies is poised to enhance its presence in the Brazilian energy market.
For further insights into FR:TTE stock, check out TipRanks’ Stock Analysis page.
