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    Home > Chemicals Industry > International Chemical > Total announced that it will not participate in next month's Petrobras block auction

    Total announced that it will not participate in next month's Petrobras block auction

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    French energy company Total said today that it will not participate in the auction
    of the "right transfer" area in the pre-salt area offshore of Brazil, scheduled for November 6.

    Total CEO Patrick Pouyanne has confirmed this
    with a statement.

    The Brazilian government is expected to raise R$106 billion (about $25.
    8 billion) through the auction, which is expected to attract major global oil companies
    .

    A consortium led by Total won exploration and production rights for an offshore block near the pre-salt area last Thursday, agreeing to pay the government 4 billion reais ($978 million).

    French energy company Total said today that it will not participate in the auction
    of the "right transfer" area in the pre-salt area offshore of Brazil, scheduled for November 6.

    Total

    Total CEO Patrick Pouyanne has confirmed this
    with a statement.

    The Brazilian government is expected to raise R$106 billion (about $25.
    8 billion) through the auction, which is expected to attract major global oil companies
    .

    A consortium led by Total won exploration and production rights for an offshore block near the pre-salt area last Thursday, agreeing to pay the government 4 billion reais ($978 million).

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