TOTAL Expands In Mauritania
Integrated oil and gas company TOTAL S.A. (NYSE:TOT) expanded its footprint in Africa by getting two exploration licenses, one onshore and the other offshore, from the Mauritanian government. TOTAL will be the operator of the two blocks with 90% working interest while the Mauritanian National Oil company (SMH) will hold the balance of 10%. The [...]
Integrated oil and gas company TOTAL S.A. (NYSE:TOT) expanded its footprint in Africa by getting two exploration licenses, one onshore and the other offshore, from the Mauritanian government. TOTAL will be the operator of the two blocks with 90% working interest while the Mauritanian National Oil company (SMH) will hold the balance of 10%.
The offshore block C 9 is located 140 kilometers (86.9 miles) off the coast of Western Mauritania, covering an area of more than 10,000 sq. km (3,861 sq miles) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards