The field is located on the Gorgoglione concession where Total will retain 50% and operatorship with Anglo-Dutch supermajor Shell holding the remaining 25%. Total E&P senior vice-president Olivier de Langavant said the farm-out was a further step in the French supermajor’s multi-billion divestment plans.
A final investment decision was made last July on a $1.94 billion development of Tempa Rossa that is expected to lead to first production in early 2016.
