Total Awarded Exploration Blocks in Offshore Me...

Total Awarded Exploration Blocks in Offshore Mexico

Total

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has been awarded exploration licenses on 3 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% interest, while ExxonMobil has the remaining 50%. The block covers a surface area of 2,977 square kilometers at water depths ranging from 2,300 to 3,600 meters.

In the Salina basin, Total has won a participating interest of 33.3%, alongside Statoil (33.4%) and BP (33.3%), 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. “We now look forward to launching exploration works and expanding our cooperation with Mexico together with our partners.”

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About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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