17th Mar 2006 14:05
Total S.A.17 March 2006 Bangladesh: Entry into two offshore exploration permits Paris, March 17, 2006 - Total announces the acquisition of a 60% interest in the exploration blocks 17 and 18, situated offshore southeast Bangladesh, from Tullow Bangladesh Ltd. (operator, 32%), Okland Bangladesh Ltd. (4%) and Rexwood Offshore Holdings Ltd. (4%). The purchase is presently undergoing approval by the Bangladesh government. With a total surface area of near to 14,000 square kilometres, these blocks arelocated in water depths of approximately 20 metres. Seismic acquisition worksare planned to start in 2006. Total is already present in the refining and marketing sectors in Bangladesh, with activities in lubricants and liquefied petroleum gas. With this acquisition Total marks its entrance into country's exploration and production sector confirming the Group's aim to continue its development in Asia. ****** 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 ExchangeRelated Shares:
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