trending Market Intelligence /marketintelligence/en/news-insights/trending/73zte9ifgs5iemxmxvnpna2 content esgSubNav
In This List

Total gets 2 offshore Mauritanian contracts


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

Total gets 2 offshore Mauritanian contracts

French oil major TOTAL SA announced Dec. 12 it was awarded two new exploration and production contracts offshore Mauritania that cover 14,175 square kilometers.

Under the agreement, Total will operate Blocks C15 and C31 with a 90% stake, while the Societe Mauritanienne des Hydrocarbures et de Patrimoine Minier will own 10%.

Total also holds a 90% stake in block C7 and a 90% stake in block C9, where it plans to drill a well in 2019, and has a 45% stake in block C18.

Earlier this month, the company said it will start exploration offshore French Guiana following the arrival of a drill ship on-site.

The company was denied a permit application in December by Brazilian environmental regulator Ibama to drill in the Foz do Amazonas basin in a final decision after five filings.