Mauritania: Total Expands Exploration Activities in the Country with a New Deep Offshore License
May 12 2017 - 7:34AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Mauritania have signed
an exploration and production contract to perform exploration works
on Block C7, which covers an area of 7,300 square kilometers. The
Group will be the operator with a 90% interest alongside the
Société Mauritanienne des Hydrocarbures et de Patrimoine Minier
(SMHPM) holding the remaining 10%.
“This agreement is part of Total’s strategy to explore new
deepwater basins in Africa. The addition of the C7 block to our
existing C9 deepwater license creates a contiguous exploration area
of around 17,000 square kilometers in a high-potential zone in
offshore Mauritania,” said Guy Maurice, Senior Vice President,
Africa at Total Exploration & Production, following his meeting
with Mohamed Abdel Vetah, Minister of Petroleum, Energy and Mines
of the Islamic Republic of Mauritania.
Total in Mauritania
Total has been present in Mauritania for nearly 20 years. The
Group is the only oil and gas major active in the marketing of
petroleum products in the country, with a retail network of 38
service stations. The Group holds a 90% interest in the C9
exploration license (10,150 square kilometers), located in the deep
offshore. Total also operates the onshore Ta29 exploration license
(12,500 square kilometers) in the Taoudenni Basin.
* * * *
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, and a major player in
solar energy with SunPower and Total Solar. Our
98,000 employees are committed to better energy that is safer,
cleaner, more efficient, more innovative and accessible to as many
people as possible. As a responsible corporate citizen, we focus on
ensuring that our operations in more than 130 countries worldwide
consistently deliver economic, social and environmental benefits.
total.com
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any
obligation to update publicly any forward-looking information or
statement, objectives or trends contained in this document whether
as a result of new information, future events or otherwise.
TOTAL S.A.Capital : 6 207 262 032,50 €542 051 180
R.C.S. Nanterretotal.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170512005279/en/
TotalMike SANGSTERNicolas FUMEXKim HOUSEGORomain
RICHEMONTTel. : + 44 (0)207 719 7962Fax : + 44 (0)207 719
7959orRobert HAMMOND (U.S.)Tel. : +1 713-483-5070Fax : +1
713-483-5629
TOTAL (NYSE:TOT)
Historical Stock Chart
From Apr 2024 to May 2024
TOTAL (NYSE:TOT)
Historical Stock Chart
From May 2023 to May 2024