Total Pledges Aggressive Exploration, Caution on Acquisitions
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Total SA, Europe’s third-biggest oil company, pledged to explore more aggressively in frontier regions, saying it prefers to boost production of oil and natural gas by making discoveries rather than acquisitions.
“We need to be a little bit more aggressive and take a little bit more risk which means being in more frontier areas rather than traditional ones,” Chief Executive Officer Christophe de Margerie told investors at a presentation in London today.