France’s Total has been awarded exploration licenses on three Blocks in offshore Mexico, following the country’s first competitive deep water bid round.
Total will be operator of Block 2 in the Perdido basin with a 50 per cent interest, while ExxonMobil has the remaining 50 per cent. The block covers a surface area of 2,977 sq-km at water depths ranging from 2,300 to 3,600 meters.
In the Salina basin, Total has won a participating interest of 33.3 per cent, alongside Statoil (33.4 per cent) and BP (33.3 per cent), in Blocks 1 (2,381 km²) and 3 (3,287 km²).
“With our successful bids in these promising deep water prospects, Total has seized the opportunity to benefit from Mexico’s energy reforms. Our winning bids add high-grade exploration potential to our portfolio,” said Arnaud Breuillac, president Exploration & Production at Total.