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Brazil: Declaration of Commercial Discovery for Xerelete (Formerly Curio)

Business Materials 12 September 2007 02:10 (UTC +04:00)

Total confirms that it has filed a declaration of commercial discovery with the Brazilian authorities for the ultra-deep offshore Xerelete (formerly Curio) discovery. ( Total )

Discovered in 2001 by Total, then operator, the field extends over two blocks, Block BC- 2, in which Total has a 41.2% interest alongside Petrobras (operator) and Devon, and Block BMC- 14, in which the Group has a 50% interest alongside Petrobras (operator).

Located in the prolific Campos Basin, 250 kilometres offshore Rio de Janeiro, Xerelete contains relatively heavy oil (17° to 20° API). The field is Brazil's deepest discovery to date, lying in 2,400 metres of water.

Total is one of the world's major oil and gas groups, with activities in more than 130 countries. Its 95,000 employees put their expertise to work in every part of the industry - exploration and production of oil and natural gas, refining and marketing, gas trading and electricity. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals.

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