Press Esc to close

WorldOil

World Oil News Center



Total buys 40% stake in Mozambique production sharing contract from Petronas

BY INTI LANDAURO

PARIS -- Total agreed to buy a 40% stake in a production sharing contract in a field offshore Mozambique from Petronas for an undisclosed sum.

Petronas will continue to operate the field, located in the Rovuma basin.

The area may have the potential for the oil equal to the gas potential of the northern part of the basin, said Jacques Marraud des Grottes, Total' s vice president for exploration and production in Africa, in a statement. The transaction still requires the approval of the Mozambique government.

Dow Jones Newswires

09/24/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS