| Total announces that its subsidiary, Total E&P USA, Inc., was the high bidder on 18 deepwater exploration blocks during the August 20 Gulf of Mexico lease sale 187. Total will operate these blocks with a 100% working interest. Award of these blocks is subject to final approval by the U.S. Interior Department's Minerals Management Service.
The blocks, located in the Keathley Canyon area of the western Gulf of Mexico, cover an area of 259 square kilometers and are situated in water depths of approximately 2,100 meters.
This acquisition is in accordance with Total's strategy in the Gulf of Mexico of using its international deepwater experience to identify new opportunities. |
