Cameroon: Total Awarded New Offshore Exploration Block
Vadvert Staff on 07 21, 2009
21 Jul 2009
: Total announces that its 75.8% – owned affiliate, Total Exploration & Production Cameroon, has been awarded by the Ministry of Industry, Mining and Technological Development of Cameroon the Lungahe exploration block in the offshore Rio del Rey basin. Total Exploration & Production Cameroon will operate this block with a 100% participation stake. The 83.6 square–kilometre block is located near concessions and permits operated by Total in Cameroon.Entering into this block allows Total to consolidate its presence in the areas where the Group has operations. Total Exploration & Production in CameroonTotal has been a producer in Cameroon since 1977 and operated close to 60,000 barrels per day (b/d) in 2008, nearly 65% of the country’s overall production.
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