Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore Brazil. These exploration blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127.
Total has informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP) of this decision, that opens a period of 6-months during which a new operator will be appointed and to whom the operated activities will be handed over. During this period, Total has the duty to continue monitoring all regulatory processes on behalf of its partners Petrobras and BP.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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