Total to Gain Blocks,Extend Production Licenses Offshore Angola

摘要

Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola's state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.In the acquisition from Sonangol,the French major will add a 50% interest in Block 20/11,located in 300-1,700 m of water in the central Kwanza Basin.Part-ners Sonangol and BP hold 20% and 30% of the block,respectively.Total will also add an 80% interest in Block 21/09,located in 1,600-1,800 m of water in the south-central Kwanza Basin.Sonangol holds the remaining interest.