France-based Total, the operator of Brazil’s pre-salt Lapa field, will increase its stake there to 45 percent, and separately create a joint venture with state oil company Petrobras to develop more wind and solar projects. “We are very pleased to strengthen our presence in the Total-operated Lapa field in the Santos Basin, the first pre-salt producing field operated by an international oil company in Brazil, and to extend our Strategic Alliance with Petrobras to renewable developments,” said Total CEO Patrick Pouyanne. Total had finalized in January a $1.95 billion transaction for the operatorship, as well as 35 percent rights, of the Lapa field which […]