2nd Feb 2007 09:37
Total S.A.02 February 2007 Total Acquires Interest In Offshore Block in Australia Paris, February 2, 2007 - Total announces that it has signed an agreement with U.S.-based Apache to farm into the offshore AC/P37 permit in Australia's BrowseBasin. Located around 200 Kilometres off the northwestern coast in a water depthof approximately 200 metres, this permit covers an area of 4,415 squarekilometres. Total is acquiring an 80% interest in and will operate the lower levels of thispermit, beginning at a depth of roughly 4,000 metres. Apache is retaining a 20%interest and holds a 100% interest in the upper levels. The farm-in strengthens Total's presence in Australia's North West Shelf, whereit has interests in nine permits, and in the Browse Basin in particular, wherethe Group has had a 24% interest in the WA-285P permit containing theIchthys discovery since 2006. The Ichthys liquefied natural gas project isscheduled to come on stream early in the next decade. ****** Total is one of the world's major oil and gas groups, with activities in morethan 130 countries. Its 95,000 employees put their expertise to work in everypart of the industry - exploration and production of oil and natural gas,refining and marketing, gas trading and electricity. Total is working to keepthe world supplied with energy, both today and tomorrow. The Group is also afirst rank player in chemicals, www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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