Total Acquires Interest in Santos Basin

Brazilian Basins
(Click to Enlarge)

Total has acquired a 20% interest from Shell in the BM-S-54 license in the Santos Basin. Shell will remain as operator, holding an 80% interest. The block covers an area of 172,974 acres (700 square kilometers) in water depths of about 6,562 feet (2,000 meters). Exploration drilling is planned for later this year, which is subject to approval by the National Agency of Petroleum and the Brazilian Institute of Environment and Renewable Natural Resources.

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Director, Business Development
Expertise: Business Development
Location: Hanover, MD
Senior Attorney - Royalties Job
Expertise: Legal
Location: Houston, TX
Senior Attorney - Supply Chain Legal Advisor Job
Expertise: Legal
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.8/BBL 0.13%
Light Crude Oil : $47.55/BBL 0.08%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours