French oil company Total plans to invest between $600 million and $700 million per year in Brazil for oil exploration and production through 2024, newspaper Valor Economic reported on March 2.
Total’s global chief for oil and exploration, Arnaud Breuillac, told the newspaper in an interview that it plans to grow its production to 150,000 barrels per day (bbl/d) from 40,000 bbl/d currently in Brazil.
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