“This transaction fits with our strategy of actively managing our portfolio and will contribute to our programme to dispose of US$5 billion of non-core assets over the period 2019-2020,” said Arnaud Breuillac, President Exploration & Production at Total.
Block CA1 covers 5850 km2, with water depths ranging from 1000 to 2500 m. Total currently operates the block alongside partners Murphy Oil (8.05%) and Petronas (5%).
