Total Plans Hunt for `Elephant' Oil Find Off Uruguay's Coast
- Total seeks giant oil field with record deep well this month
- Total's dig will be Uruguay's first offshore well in 40 years
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France’s Total SA is weeks away from drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters.
"There could be an elephant out there. This is what we’re chasing," Christian Tichatschke, Total’s exploration director in Uruguay, said in an interview in Montevideo on Friday. "It’s a very risky project but we believe we can find something."