Patrick Pouyanné
Patrick Pouyanné,Chairman and CEO,Total
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French oil major Total has made a number of deals in the region, including its acquisition of Marathon Oil Libya, which gave it a 16.33% stake in Libya’s Waha concessions, into which it will invest $650mn to increase production by 180,000bpd. The company also partnered with ADNOC to use its METIS drones for automated seismic acquisition, and has plans to start a digital factory with the aim of using artificial intelligence to cut upstream costs by hundreds of millions of dollars. Total signed a heads of agreement in Oman for the Block 12 exploration license, and is expected to drill its first exploratory well in Lebanon’s offshore Blocks 4 and 9 in 2020.
