Like in Monopoly......ever since FAR/CNE discovery of new West...

Like in Monopoly......ever since FAR/CNE discovery of new West African oilfield (SNE field), Total has been accumulating along west coast of Africa.

1. Total Ramps Up Mauritania Offshore Assets(December 13, 2018)
"Total, which targets more than 50 percent of its planned exploration wells within the next three years especially from giant resources such as those in Mauritania and Senegal, already has a stake in Blocks C7 (acquired in March 2017 with 90 percent interest), C9 and C18 (acquired in August 2017 with 45 percent participating interest)."
"In Africa, Total is focusing on its short cycle projects that include deepwater tie-backs and infill drilling which the company says “can be developed at a cost of less than US$7/boe with high returns and quick payback” much of it in West Africa."
"For Total, the award of two new offshore blocks in Mauritania could also be a partial realization of its wider Africa upstream investment strategy to acquire high-grade assets in oil and gas-rich areas as the company focuses on growing its overall production by 7 percent come 2020 backed by its four-year $15-17 billion investment budget unveiled in 2017"

2. LAGGING IN DISCOVERIES
"A major discovery in 2019 could cement the turnaround after a drought between 2009 and 2014 when it spent billions in exploration with little barrels to show for it, while rivals Eni Exxon Mobil and BP, racked up successes"
"Energy consultancy Wood Mackenzie said Total had aggressively snapped up exploration blocks in 2017 and 2018, which took it to the top of the industry table with over 189,000 square km added since 2015 - around 70,000 higher than its nearest competitor."
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C'est tres.....Interesting that SNE field lies in centre of Total's acreage accumulation.....mais non????
Have a great weekend
MS