Press

Total awarded exploration blocks in offshore Mexico

Posted by Katie Woodward - OilVoice

06-Dec-2016


Paris - Total has been awarded exploration licenses on 3 Blocks in offshore Mexico, following the country's first competitive deep water bid round.  

Total will be operator of Block 2 in the Perdido basin with a 50% interest, while ExxonMobil has the remaining 50%. The block covers a surface area of 2,977 square kilometers at water depths ranging from 2,300 to 3,600 meters.
 
In the Salina basin, Total has won a participating interest of 33.3%, alongside Statoil (33.4%) and BP (33.3%), in Blocks 1 (2,381 km²) and 3 (3,287 km²). 
 
“With our successful bids in these promising deep water prospects, Total has seized the opportunity to benefit from Mexico's energy reforms. Our winning bids add high-grade exploration potential to our portfolio,” said Arnaud Breuillac, President Exploration & Production at Total. “We now look forward to launching exploration works and expanding our cooperation with Mexico together with our partners.”



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