Statoil acquires two offshore licenses in South Africa

Petronas agrees with Total for farm-in deal in Senegal

Aug 13, 2018
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Malaysia’s national oil company Petronas has agreed a farm-in deal to buy a 30 per cent participating interest from France's Total in the Rufisque Offshore Profond block off Senegal.

Total will maintain operatorship with 60 per cent equity alongside Société Nationale des Pétroles du Sénégal (Petrosen) which holds the remaining 10 per cent.

The Rufisque Offshore Profond block covers an area of 10,357 square kilometres, offshore Senegal with a water depth ranging from 100 meters to 3000 meters. It is located in the vicinity of recent significant oil and gas discoveries in blocks namely St Louis Profond and Cayar Profond and Rusfique Sangomar OffShore Deep (RSSD).

Upon completion on the interpretation of the acquired 3D seismic data and once a prospect has been identified and evaluated, exploration drilling activities will commence in the Rufisque Offshore Profond block in 2019.

Petronas said in statement that the farm-in was aligned with its upstream strategy to grow its exploration portfolio in West Africa, where it is operator of an ultra-deep water block in Gabon and currently looking to explore further in the region.


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