Total Slashes 2015 Exploration CapEx by 30 pct
Total's new chief said in a newspaper interview that the French oil company aimed to cut exploration spending by 30 percent in 2015 to cope with falling oil prices.
"Over the last two years we spent $2.8 billion on exploration, we will reduce that by 30 percent in 2015," Patrick Pouyanne said in an interview due to be published in French afternoon daily Le Monde.
Shares in Total climbed 1.8 percent in early trade.
(Reporting by Dominique Vidalon
