Total exec on oil purchase: "It's important to have a larger slice of the cake"

Larger scale and bigger operations could make the Danish part of the North Sea more lucrative for French oil major Total, says the head of the company's Danish division.

Total, which made its debut on the Danish oil and gas market in March, wants the most out of its huge investment in the North Sea, says the CEO of the company's Danish division, Martin Rune Pedersen, now that Total has decided to acquire US-based Chevron's stake in the Danish Underground Consortium (DUC).

"We have a base here and use a lot of resources for extraction, so it makes sense for us to get a larger slice of the cake," says Pedersen to Finans.

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