Total Studying Participation in Round 9

French oil and gas company Total (NYSE: TOT) is studying whether to participate in Brazil's hydrocarbons round nine, Patrick Pluen, general manager for Total E&P in Brazil, said during the Latin Upstream Conference in Rio de Janeiro.

"We're going to study the information from [Brazil's oil and gas regulator] ANP to see if we'll take part," he said.

Total's participation depends on which areas ANP offers in the bidding round.

"We are mainly interested in areas in the Campos and Santos basins," Pluen said.

GROWTH IN LATAM

The French company plans to grow in Latin America mainly through its existing assets in Argentina, Venezuela, Colombia, Bolivia and Trinidad & Tobago.

Specifically, Total plans to boost its focus on oil in Colombia and gas in Bolivia.

"However, the situation in Bolivia is not easy," Pluen said in reference to the country's nationalization program.

Total operates in 41 countries and produces oil and gas in 29. Latin America accounts for roughly 10% of its 2.5Mboe/d output.

Total in Brazil has a 41.2% stake in the BC-2 block in the Campos basin's Curio field.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
 
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours