French Total Withdraws from Five Offshore Blocks in the Mouth of the Amazon

Written by Paulo Nogueira

Published on 07/09/2020 at 06:35

Updated on 07/09/2020 at 07:52

Be the first to react!

French Oil Company Total Will Have About 6 Months to Transfer Offshore Operations of Foz do Amazonas to Another Operator

Total announced on Monday (07) that the blocks in question were the offshore blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125, and FZA-M-127. According to the company, it informed its partners that it would relinquish the operation of these assets on August 19. The five blocks are located about 120 kilometers off the coast.

Total informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP) about the decision, which opens a six-month deadline during which a new operator will be appointed and to whom the explored activities will be handed over.

During this period, Total must continue to monitor all regulatory processes on behalf of its partners Petrobras and BP. Learn more about Foz do Amazonas in a PDF document provided by the Federal Government here.

ARTICLE CONTINUES BELOW

See also

Foz do Amazonas Total oil — Map of Foz do Amazonas Blocks; Source: Total

It is important to highlight that Total has been present in Brazil for over 40 years and employs more than 3,000 staff in the country. The company operates in all segments – exploration and production, gas, renewable energy, lubricants, chemicals, and distribution.

The total portfolio of exploration and production currently includes 24 blocks, with 10 operated. In 2019, the group’s production in the country averaged 16,000 barrels of oil per day.

In October 2019, a consortium led by Total won Block CM-541, located in the Campos Basin, during the 16th Bidding Round of the National Petroleum Agency (ANP).

In 2017, Total and Petrobras formed a strategic alliance that encompasses exploration and production and gas, renewable energy, and power activities.

Through the alliance, the two groups are implementing R&D projects on topics such as artificial intelligence for efficiency gains, with direct applications in Brazil.

The company entered the fuel distribution market in Brazil by acquiring, in December 2018, the distribution activities of the Zema Group. It has a network of 280 service stations, in addition to several depots for petroleum products and ethanol.

French Total Withdraws from Five Offshore Blocks in the Mouth of the Amazon

French Oil Company Total Will Have About 6 Months to Transfer Offshore Operations of Foz do Amazonas to Another Operator

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

The USA is offering almost R$ 1 million for anyone who can stop invasive mussels that hitchhike on boats, spread through rivers and lakes, and threaten to clog water systems, reservoirs, and hydroelectric power plants.

Shopee opened three distribution centers at once in Vitória, Curitiba, and Fortaleza with the capacity to process 700,000 orders per day, generated 900 jobs, and now totals 22 centers in Brazil with 200 logistics hubs and 45,000 partner drivers in a race against Mercado Livre and Amazon.

TIM closed a partnership with PicPay to distribute financial products to its 61 million customers without investing a single cent in equity. The focus is credit, and the move marks the operator’s return to the financial sector after receiving R$ 520 million to exit C6 Bank.

With an investment of R$ 870 million and an annual capacity of 720,000 tons, Petrobras returns to producing urea in Paraná and addresses the dependence on approximately 80% of Brazilian imports of nitrogen fertilizers, a segment pressured by the war in Ukraine and conflicts in the Middle East.

French Total Withdraws from Five Offshore Blocks in the Mouth of the Amazon

French Oil Company Total Will Have About 6 Months to Transfer Offshore Operations of Foz do Amazonas to Another Operator

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.

Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.

China discovers more than 200 new oil and gas fields in the last five years

Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.

Petrobrás may cause an increase of up to 40% in the price of natural gas in Brazil starting in August and reignites the debate on dependence on the international market.

The USA is offering almost R$ 1 million for anyone who can stop invasive mussels that hitchhike on boats, spread through rivers and lakes, and threaten to clog water systems, reservoirs, and hydroelectric power plants.

Shopee opened three distribution centers at once in Vitória, Curitiba, and Fortaleza with the capacity to process 700,000 orders per day, generated 900 jobs, and now totals 22 centers in Brazil with 200 logistics hubs and 45,000 partner drivers in a race against Mercado Livre and Amazon.

TIM closed a partnership with PicPay to distribute financial products to its 61 million customers without investing a single cent in equity. The focus is credit, and the move marks the operator’s return to the financial sector after receiving R$ 520 million to exit C6 Bank.

With an investment of R$ 870 million and an annual capacity of 720,000 tons, Petrobras returns to producing urea in Paraná and addresses the dependence on approximately 80% of Brazilian imports of nitrogen fertilizers, a segment pressured by the war in Ukraine and conflicts in the Middle East.