French supermajor Total said production started at a field off the coast of Brazil using infrastructure that could produce 150,000 barrels of oil per day. From the pre-salt Santos basin off the coast of Brazil, a reservoir located beneath a thick layer of submarine salt, the company said Monday the first barrels of oil were coming out of the Libra field. “Libra is a major asset in Total’s portfolio and fits into our strategy of investing in highly competitive projects with low break-even points,” Arnaud Breuillac, the company’s president of exploration and production, said in a statement. “The start-up is a major step in the development of this field, and Total is bringing its deep offshore expertise to the […]