6th Nov 2006 08:58
Total S.A.02 November 2006 Total enters into an offshore exploration block in the Netherlands Paris November 2, 2006 - Total has been awarded an exploration licence for blockL3, on the Dutch Continental shelf, in the Netherlands. The block is situated100 kilometres offshore north of Den Helder, within water depths of around 40metres, and covers 406 square kilometres. The licence is granted for four years. The national Dutch State company EBN isexpected to become a 40% partner of the project and Total, as operator, willhold the remaining 60%. The L3 block is in the vicinity of the L4a, L7 and F15a producing blocksoperated by Total. Total looks forward to continuing its prominent role in exploration andproduction activities in the Netherlands, maintaining the position of the secondlargest hydrocarbon producer in the country. 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:
TTA.L