Total Enters into Southern Part of Prolific Rovuma Basin, Mozambique

Mozambique-Total-

Total announces the signature of a farm-in agreement with the Malaysian state-owned company, Petronas, for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore blocks area 3 and area 6 located in the prolific Rovuma Basin. Petronas will retain the operator ship. The two blocks cover an area of 15,250 square kilometers with water depths ranging up to 2,500 meters. An exploration well is planned by year-end.

“After Kenya and Uganda, Total is entering into the southern part of the prolific Rovuma Basin, whose oil potential might equal the gas potential of the northern part,” said Jacques Marraud des Grottes, Senior Vice President, Exploration & Production, Africa.The farm-in significantly strengthens our long-term presence in exploration and production in East Africa. Exploration wells are expected to be drilled shortly.”

The transaction is subject to the approval of the Mozambique government.

Total in Mozambique

Total has been present in Mozambique since 1991 through its petroleum product storage and marketing affiliate. Total Moçambique markets fuels and lubricants to consumers and industry via two import terminals and a network of 35 service stations.

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals.

Press Release, September 24, 2012

Share this article

Follow Subsea World News

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

AOG 2017

The Forum will begin directly after the SUT Subsea Controls DownUnder Conference, drawing a wider audience for our suppliers.This event…

read more >

13th Deepwater AsiaPacific 2016 (DAP2016)

They stronglyurge you to join them in this record-breaking event which is highly recognized for its unique networking opportunities,…

read more >

Offshore West Africa 2017

Offshore West Africa 2016 brought together a record-breaking attendance of oil & gas professionals, creating a vibrant networking experience,…

read more >

Subsea Expo 2017

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend. Registration gives you access…

read more >