Total acquires offshore Guiana interest

Total has acquired a 25% interest in the Guyane maritime permit from Hardman Petroleum France, an affiliate of Tullow Oil.

Offshore staff

HOUSTON -- Total has acquired a 25% interest in the Guyane maritime permit from Hardman Petroleum France, an affiliate of Tullow Oil. The permit, 150 km (93 mi) off the coast of French Guiana, covers 32,000 sq km (12,355 sq mi) in water depths ranging from 2,000 m to 3,000 m (6,562 ft to 9,843 ft).

A 3,000-sq km (1,158-sq mi) 3D seismic acquisition program over the area is already underway.

Under the new partnership structure, Hardman Petroleum France will be operator of the permit with a 39.5% interest. Other partners are Shell Exploration and Production France SAS (33%), Total E&P Guyane Française (25%), and Northpet Investments Ltd (2.5%).

12/08/2009

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