RIO DE JANEIRO—Cushman & Wakefield, says that Total E&P has signed a lease contract in Brazil.
The French oil exploration and production company was last year's auction winner of Campo de Libra, one of the largest oil reserves in Brazil, and will occupy more than 1,000 sq meters of the Rio Metropolitan Building, in downtown Rio de Janeiro.
The property belongs to Previ - Fund of Employees of Banco do Brasil, the largest pension fund in Latin America.
"Brazil has been one of the most attractive destinations for French companies, especially in the oil and gas industry," says Thierry Botto, general manager of agency leasing at Cushman & Wakefield.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
