Energy group Total announces major deepwater oil discovery in Gulf of Mexico
JANUARY 31, 2018
PARIS (Reuters) - French oil and energy group Total said on Wednesday that it had made a significant oil discovery at the Ballymore prospect in the deep offshore in the U.S.
Gulf of Mexico, its largest discovery in the area.
“This major discovery gives us access to large oil resources and follow on potential in the emerging Norphlet play,” Arnaud Breuillac, Total’s president for exploration and
production, said in a statement.
“While already deemed commercially viable, we will work together on the appraisal of this discovery and a cost-effective scheme to ensure a rapid, low breakeven development,”
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