Total has become operator of the offshore Xerelete concession located in a promising area of Brazil's Campos basin. The transfer of operatorship from Petrobras to Total follows a unanimous decision by the Xerelete partners and approval by the Brazilian authorities. Total and Petrobras each hold a 41.2% interest in the concession, while BP holds the remaining 17.6 %.
'Total is looking forward to bringing its worldwide expertise in ultra-deep offshore operations to Brazil,' said Ladislas Paszkiewicz, Senior Vice President for Exploration & Production Americas. 'Our decision to assume operatorship of Xerelete is part of the Group's strategy to strengthen its exploration and production activities in Brazil. It demonstrates our willingness to expand our presence in the country.'