Total, Qatar Petroleum, Petronas pay nearly $1 billion for Brazil offshore block

Oct 10, 2019

(Reuters) – A consortium of France’s Total SA, Qatar Petroleum and Petronas won the exploration and production rights for an offshore block near Brazil’s coveted offshore pre-salt region on Thursday, agreeing to pay the government a signing bonus of 4.029 billion reais ($978 million).

Total, which has a 40% stake in the consortium, will be the operator.

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