Total Should Get Extension in South Africa

Sunday, October 22, 2017

South Africa is expected to renew Total’s offshore exploration rights next year, Lindiwe Mekwe, chief executive of the state petroleum agency said, according to a Reuters report. According to Mekwe,the extension should be granted in Q2 of next year.
Total holds Block 11B/12B as operator with a 50% interest, partnered with CNR International. The French firm spud in 2014, however mechanical problems with the rig in rough seas caused drilling to be halted.

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