Total Details Plans to Develop Waha Concessions in Libya
2019年12月11日 - 1:43AM
Dow Jones News
By Carlo Martuscelli
Total S.A. (FP.FR) said Tuesday that it has signed an agreement
with Libya's state-owned National Oil Corporation to develop the
Waha concessions.
The French energy major said that it will help NOC develop the
North Gialo and NC 98 fields which are projected to contribute an
additional 180,000 barrels of oil equivalent per day. Under the
terms of the agreement, Total will provide $70 million of financing
up front, as well as $30 million for each field that comes on
stream.
Total also said it will carry out economic development programs
amounting to $20 million over a period of four years. The company
acquired a 16.33% working interest in the Waha concessions in March
2018.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 10, 2019 11:28 ET (16:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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