Total S.A. Mauritania: Total Expands Exploration Activities in the Country with a New Deep Offshore License
May 12 2017 - 7:34AM
UK Regulatory
TIDMTTA
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 EUR542 051 180 R.C.S.
Nanterretotal.com
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
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170512005281/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
May 12, 2017 08:34 ET (12:34 GMT)
Totalenergies (LSE:TTE)
Historical Stock Chart
From Apr 2024 to May 2024
Totalenergies (LSE:TTE)
Historical Stock Chart
From May 2023 to May 2024