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Total Gabo to sell certain mature Gabonese assets to Perenco

Total Gabo to sell certain mature Gabonese assets to Perenco

French oil and gas giant Total said its subsidiary Total Gabon has agreed to offload its interests in seven mature non-operated offshore fields and also interests and operatorship in the Cap Lopez oil terminal in Gabon to Perenco for a consideration ranging between $290 million and $350 million. The final price for the sale will […]

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster)  in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and offloading vessel (P-70 FPSO). According to Total, a participant in Block BM-S-11A, the P-70 FPSO, which will produce the reserve of the Atapu field, […]

Total to acquire 50% operating stake in Suriname Block 58 from Apache

Total to acquire 50% operating stake in Suriname Block 58 from Apache

Suriname Block 58 : French oil and gas giant Total has agreed to acquire a 50% operating stake in Block 58 offshore Suriname from Apache Corporation in a move to further grow its presence in the Guyana-Suriname basin. The two oil and gas companies will now have 50% stakes each in Block 58, which is […]

Petrobras and partners begin production at P-68 FPSO from Berbigão field

Petrobras and partners begin production at P-68 FPSO from Berbigão field

Petróleo Brasileiro (Petrobras) and its partners Royal Dutch Shell, Total and Petrogal Brasil have started oil and gas production start at the P-68 floating production, storage, and offloading unit (P-68 FPSO) from the Berbigão field at the BM-S-11-A concession (lara license) in the Brazilian pre-salt Santos Basin. The P-68 FPSO is the fourth platform to […]