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French oil group Total gets 36 percent stake in Nigerian offshore license

AFP
PARIS
Petroleumworld.com 07 31 07

The French oil group Total said Monday it had acquired a 36 percent stake in a Nigerian offshore exploration site operated by Chevron of the United States.

The price of the transaction was not disclosed.

The license, acquired by Total subsidiary Elf Petroleum Nigeria Limited, is for a zone located 150 kilometers (94 miles) off southeast Nigeria, with a depth of 1,000 to 1,500 meters.


AFP 30 1221 GMT 07 07

Copyright© 2007 AFP. All rights reserved.

 

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