Total: new exploration block in Brazil
(CercleFinance.com) - Total and its partners Qatar Petroleum and Petronas have won the block C-M-541 at the 16th ANP bidding round held in Brazil on Thursday.
This block is located deep offshore from the Campos Campos basin, at a depth of about 3,000 metres under water.
Total will be the operator of the block with 40%, alongside Qatar Petroleum (40%) and Petronas (20%). The consortium plans to drill an initial exploration well at the start of 2021.
"It is another demonstration of our ability to seize high quality exploration acreage in a key growth area for the Group,” said Patrick Pouyanné, Chairman and CEO of Total," said Patrick Pouyanné, Total's Chairman and CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This block is located deep offshore from the Campos Campos basin, at a depth of about 3,000 metres under water.
Total will be the operator of the block with 40%, alongside Qatar Petroleum (40%) and Petronas (20%). The consortium plans to drill an initial exploration well at the start of 2021.
"It is another demonstration of our ability to seize high quality exploration acreage in a key growth area for the Group,” said Patrick Pouyanné, Chairman and CEO of Total," said Patrick Pouyanné, Total's Chairman and CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.