Total Sees Cash Flow, Output Boost From Deepwater Projects

Oil and gas major Total (NYSE: TOT), said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa’s Gulf of Guinea region, Brazil and U.S. Gulf area.

Production from deepwater projects is expected to reach 500,000 barrels of oil equivalent per day (boe/d) by 2020, contributing to its 6% to 7% output growth target per year from 2017 to 2020.