European energy major Total SA will begin exploring for hydrocarbons in the
In March this year, Total acquired the major stakes of UK-based Tullow Oil PLC in offshore blocks 17 and 18 and received energy ministry approval to extend the exploration period stated in the production sharing contract by three years until May 5, 2009. The acquisition has left Tullow with a 32 percent stake, U.S.-based Okland Oil Co with 8.0 percent, while Total holds the remaining 60 percent in the offshore blocks. The firm will also drill one exploratory well to a depth of at least 3,000 metres in the
No comments:
Post a Comment