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Total signs new deepwater offshore license in Mauritania

May 15, 2017 12:29 PM ETTotalEnergies SE (TTE) StockTTEBy: Carl Surran, SA News Editor
  • Total (TOT +1.6%) expands its exploration operations offshore Mauritania with a new exploration and production contract with the government for a high-potential zone.
  • TOT will operate the C7 deepwater block with a 90% stake, and says the addition of the block to its existing C9 deepwater license creates a contiguous exploration area of ~17K sq. km in a high-potential zone.
  • TOT has been busy offshore Africa, securing two agreements in Senegal this month to explore the country’s deepwater potential.

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