Total: progress in two Gulf of Mexico projects
(CercleFinance.com) - On Thursday Total announces that it will invest in two deepwater projects in the Gulf of Mexico.
"Total announces the final investment decision (FID) to develop the Anchor oil field. Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery. Both projects are located in the deepwater U.S. Gulf of Mexico, off the coast of Louisiana," it said.
"The FID for Anchor and the decision to launch FEED for North Platte are tangible examples of our strategy to increase our footprint in the deepwater Gulf of Mexico. The Anchor project benefits from reserves with upsides, allowing for a stand-alone development at a competitive cost. The North Platte project, meanwhile, marks Total's return to the region as an operator. We're aiming for a final investment decision in 2021," stated Arnaud Breuillac, President, Exploration & Production at Total.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
"Total announces the final investment decision (FID) to develop the Anchor oil field. Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery. Both projects are located in the deepwater U.S. Gulf of Mexico, off the coast of Louisiana," it said.
"The FID for Anchor and the decision to launch FEED for North Platte are tangible examples of our strategy to increase our footprint in the deepwater Gulf of Mexico. The Anchor project benefits from reserves with upsides, allowing for a stand-alone development at a competitive cost. The North Platte project, meanwhile, marks Total's return to the region as an operator. We're aiming for a final investment decision in 2021," stated Arnaud Breuillac, President, Exploration & Production at Total.
Copyright (c) 2019 CercleFinance.com. All rights reserved.