Total said the northwest section of the supergiant Libra prospect offshore Brazil holds 3 to 4 billion bbl of oil, according to an investor presentation on its website. The company said that wells drilled in the vicinity of the Libra pioneer well, which is close to the northwest section, also show “excellent” productivity. Total has a 20% interest in the prospect, which is operated by Petrobras (40%), while China National Offshore Operating Company (20%) and CNPC (20%) hold the remaining interests.
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