RIO DE JANEIRO (Dow Jones)--Brazil's National Petroleum Agency, or ANP, approved earlier this week the purchase of a 20% stake in an ultra-deepwater offshore block by French oil company Total SA (TOT).
In June, Royal Dutch Shell (RDSA, RDSA.LN) agreed to sell a 20% stake in the Santos Basin's BM-S-54 block to Total, subject to approval from Brazil's oil regulator.
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