French supermajor Total is selling a minority 10% working interest in a high-profile exploration block in the deep waters of the prolific Campos basin off Brazil ahead of drilling activities planned for later this year.

Total, in partnership with Qatar Petroleum International (QPI) and Malaysia’s Petronas, beat a Petrobras-led consortium last October by a very narrow margin to take home Block C-M-541 during Brazil’s 16th licensing round.

During an investor presentation late last week, one slide indicated that Total is currently in the process of farming down its 40% stake at the block to 30%.