Total resigns as operator of five blocks in Foz do Amazonas Basin

French oil and gas giant Total said that it has stepped down as operator for five offshore exploration blocks in the Foz do Amazonas Basin in Brazil.

In this connection, Total had notified its partners on 19 August regarding its resignation from operatorship of the FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks.

Total has also informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Brazil of its decision. This opens a period of six months during which a new operator will be selected and to whom the operated activities will be transferred.

During this period, the French oil and gas giant will be obliged to continue monitoring all regulatory processes on behalf of its partners – Brazilian national oil company Petrobras and BP.

Total to resign as the operator of five blocks in Foz do Amazonas Basin. Tangopaso/Wikipedia.org.