OEF Rapid Review Articles
The decision by Total E&P do Brasil to expand operations in Brazil with annual investments of US$1 billion comes on the heels of Total agreeing to acquire assets from Petrobras as part of the latter company’s asset sales program. Technical cooperation will be strongly reinforced between the two companies including joint assessment of the exploration potential in key prospective areas in Brazil, and the development of new technologies. Total will also enter the integrated gas and power market in Brazil. Petrobras and Total jointly participate in 19 E&P consortiums worldwide.
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Total Plans US$ 1 Billion Annual investments In Brazil
LINK TO THE SOURCE ARTICLE:
Total Plans US$ 1 Billion Annual investments In Brazil