By OGJ editors
HOUSTON, June 1 – Total SA has taken a farmout from CNOOC Middle East (Qatar) Ltd. to acquire a 25% interest in the Block BC (pre-Khuff) exploration license 130 km east of the Qatari coast.
CNOOC Middle East will continue to be block operator with 75% interest. The license covers 5,649 sq km in 15-35 m of water.
The exploration and production sharing agreement calls for 2D and 3D seismic surveys and the drilling of at least three exploratory wells by 2014.
US Government Accountability Office.
Photo from Parkland Corp.
