|
|
|
 |
|
|
|
|
|
|
 |
Total takes a stake in two deep offshore exploration blocks in Australia |
|
|
| Jan. 24, 05 |
|
|
|
|
|
|
|
|
Total announces the signature of two agreements to participate in the exploration of two offshore blocks situated to the northwest of Australia.
Under the terms of one agreement with the Australian company Woodside, Total takes a 30% interest in the WA-269-P exploration block situated 150 kilometres from the shore in water depths between 300 and 1,500 metres. Woodside, as operator, is in the joint-venture with Japan Australia LNG (MIMI) Pty Ltd. who holds a 20% interest. Total could, under certain conditions, obtain an additional 10% stake in the block.
Total has also signed an agreement with the companies Woodside (operator), BHP Billiton and Japan Australia LNG (MIMI) Pty Ltd. to take a 50% interest in the exploration block WA-297-P situated 200 kilometres from the shore in water depths between 1,000 and 2,000 metres.
Exploration activities are planned in both blocks this year.
|
|
|
|
|
|
|
|
|
|
