Total has been awarded exploration licenses on three blocks in offshore Mexico, following the country’s first competitive deepwater 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 2977 km2 at water depths ranging from 2300 to 3600 m.
In the Salina basin, Total has won a participating interest of 33.3%, alongside Statoil (33.4%) and BP (33.3%), in Blocks 1 (2381 km²) and 3 (3,287 km²).
“With our successful bids in these promising deepwater 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.”