French oil and gas major Total SA (TOT) is "well prepared" to take part in the development of Brazil's pre-salt oil resources, Total's head of exploration and production, Yves-Louis Darricarrere, said Thursday.
French oil and gas major Total SA (TOT) is "well prepared" to
take part in the development of Brazil's pre-salt oil resources, Total's head
of exploration and production, Yves-Louis Darricarrere, said Thursday.
Speaking during a conference on Brazil here, Darricarrere said the country is
"a land of opportunity" for oil groups such as his.
Brazil's pre-salt resources are located on the deep-offshore field of Santos.
Total acquired in June 2010 a 20% interest in the BM-S-54 block on Santos,
operated by Royal Dutch-Shell (RDSA). The block is being explored, and no
production has been planned yet.
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