Current TOT Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya
Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock ticker: TOT), under which the company will farm into Total-held exploration acreage in Namibia, Guyana and Kenya.

With regards to Namibia, a coastal nation bordering South Africa to the northwest, QP will gain access to two deep-water blocks located in the Orange Basin.

For Block 2913B, Total will transfer QP a 30% interest, while retaining 40%. Other partners in the block are Impact Oil (20%), and Namcor (10%).

For Block 2912, Total will transfer QP 28.33...


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