The US supermajor said it has taken a 35% stake in Uruguay's Block 14 where the Raya-1 wildcat is scheduled to be drilled in the first half of 2016.

Total revealed in September that it had signed on a farm-in partner but did not reveal the mystery player pending government approval.

The Paris-based company estimates the "giant" Raya-1 oil prospect possesses mean resource potential of over 1.5