French energy company Total said it’s now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. Total and state-controlled PetrĂ³leo Brasileiro, known commonly as Petrobras, announced Monday they finalized a $1.95 billion strategic partnership that gives the French company at least 20 percent of the rights to licenses in the lucrative Santos oil basin off of Brazil’s coast. Using floating production vessels, Total said it’s gained a stake in four fields that could combine for 250,000 barrels of oil production per day. About 100,000 bpd is already in production and the rest is expected to come on line gradually through 2019. Much of the oil from the offshore basins is […]