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(Arabian Oil and Gas) -- Total
announced that it has signed an agreement with CNOOC Middle East (Qatar)
Limited, a wholly-owned subsidiary of CNOOC International Limited, to acquire a
25% interest in Qatar’s Block BC (pre-Khuff) exploration license. CNOOC Middle
East (Qatar) Limited will continue to be the operator with a 75%
interest.
Located 130 kilometers east of the Qatari coast, the offshore block
covers an area of 5,649 square kilometers, with water depths ranging from 15 to
35 meters.
Commenting on Total's participation in the Block BC EPSA, His Excellency
Dr. Mohammed Bin Saleh AI-Sada, Qatar's Minister of Energy and Industry said “We
would like to welcome our long time partner, Total, into the Block BC EPSA, and
we wish them and CNOOC all success with the exploration activities, which we
believe are always enhanced when quality companies such as Total and CNOOC join
efforts.”
mrcplast.com
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