Total Back to Drill in South Africa as Fuel Network Grows


French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country.

Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6 percent target this year thanks to acquisitions and new projects from the Arctic to West Africa. In South Africa, the company plans to expand its network of more than 500 fuel stations and finish a deepwater exploration well started in 2014.

“In retail, we clearly want to grow and to grow by 200 to 300 service stations in the coming few years,” Pierre-Yves Sachet, managing director and chief executive officer for Total South Africa, said Thursday in an interview at his office in Johannesburg. “The intensity of our footprint is not exactly the one we…

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