Total Exits the Foz do Amazonas Basin

Source: www.gulfoilandgas.com 9/28/2020, Location: South America

Total has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. These blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127.

The closing of the transaction is subject to the preemption rights of partners in the blocks and standard regulatory approvals.


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