Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Acquisition

6th Apr 2005 15:48

Total S.A.6 April 2005 Total Awarded New Offshore Exploration Block in Cameroon Paris, April 4, 2005 - Total has been awarded the Dissoni exploration block in the offshore Rio del Ray basin as part of a restricted tender issued by the government of Cameroon. Total is the operator with a 50% interest, alongside partner Pecten (Shell group). The 143-square-kilometer block is located near concessions operated by Total in Cameroon. The acquisition is in line with Total's strategy in Cameroon, consisting of seeking opportunities to increase its present acreage held jointly by Total E&P Cameroun (75.4%-owned by Total), state-owned Societe Nationale des Hydrocarbures (SNH) and Pecten Cameroon Company. * * * * * Total is the fourth largest oil and gas company in the world with operations inmore than 130 countries. Total's activities cover the whole energy chain of thepetroleum industry: exploration, oil and gas production, refining and marketing,trading and power generation. The Group is also a major player in chemicals.Total has more than 111,000 employees worldwide. More information can be foundon the company's website: www.total.com This information is provided by RNS The company news service from the London Stock Exchange

Related Shares:

TTA.L
FTSE 100 Latest
Value9,132.55
Change2.84