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Brazil: Total exits Foz Do Amazonas Basin

Christian Fernsby |
Total announces that it has reached an agreement on September 25th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil.

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Topics: BRAZIL    TOTAL   

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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