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TotalEnergies fails to discover oil in new Brazil gas-prone province - Upstream Online

Upstream Online · last updated

TotalEnergies fails to discover oil in new Brazil gas-prone province | Upstream Online

French supermajor TotalEnergies has detected only traces of natural gas in its latest exploration campaign offshore Brazil, as operators continue to struggle to unlock a major oil discovery in the pre-salt play.

TotalEnergies filed a mandatory notification to Brazilian market regulator ANP that it has found gas with the drilling of the Ubaia wildcat in Block C-M-541 in the ultra-deepwater section of the prolific Campos basin.

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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