Total targets “giant prospects” in the Campos pre-salt

February 10, 2020

Total plans to drill in block CM-541, in the Campos Basin pre-salt, between the end of this year and the beginning of 2021, informed the company’s E&P director, Arnaud Breuillac, during a conference call with analysts last Thursday (6/2).

According to the company, there are two “giant world-class” prospects in the asset, which was acquired in the 16th Round of Concessions in October last year, with the biggest bonus of the auction (R $ 1.37 billion). The block’s minimum exploratory program – which is close to the discoveries of Seat, Gávea and Pão de Açúcar, in the pre-salt of the BM-C-33 – provides for the drilling of two wells.

Total also prepares a farm-out of 10% of its participation in the asset, which should be reduced from 40% to 30%. The block is operated by the company in partnership with Petronas (20%) and QPI Brasil (40%).

Total also informed that the projects of Front End Engineering and Design (FEED) for the FPSOs Mero 3, Mero 4, Iara 3 and Lapa 3 are under study. All units are expected to operate in the Santos Basin pre-salt.

Total has a stake in 19 blocks in Brazil, six of them as operator: FZA-M-125, 127, 57, 86 and 88, all with 40%, in the Foz do Amazonas Basin, and CE-M-661 ( 45%), in the Ceará Basin. The oil company also operates the Lapa field, in the Santos Basin.

Source: PetróleoHoje

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