Total says drilling due on block off Brazil

Total SA said exploratory drilling will begin later this year on deepwater license BM-S-54 off Brazil, in which it has acquired a 20% interest.

By OGJ editors
HOUSTON, June 30
-- Total SA said exploratory drilling will begin later this year on deepwater license BM-S-54 off Brazil, in which it has acquired a 20% interest.

Royal Dutch Shell PLC holds the remaining interest and operates the 700-sq-km block, which lies in 2,000 m of water about 200 km south of Rio de Janeiro.

The Santos basin block is near the Tupi, Iara, and Iracema presalt oil discoveries.

Drilling is subject to regulatory approvals.

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