Total Vows Big Mahakam Spend

摘要

French Total said it plans to set aside $11 billion to develop gas reserves in its Ma-hakam Block off East Kalimantan if it wins an extension to its production sharing contract, which is due to expire in 2017. A Total spokeswoman told local newspapers that the French major has invested $1.6 billion in the gas-rich Indonesian block since 1970.