Total reinforces its presence in South America

/ Financial News / Sunday, 16 September 2018 09:17

The oil group Total announced the purchase of 25% in Orinduik exploration block offshore Guyana (South America), where it has already taken stakes in neighboring blocks.

“Total strengthens its position in the exploration of a prolific basin where the group had already entered last February via stakes in the Canje Block (35%) and Kanuku Block (25%),” he said in a statement.

In February, the group took these stakes to expand its exploration area in the Guyana Basin.

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