By OGJ editors
HOUSTON, Jan. 18 -- Total SA agreed to buy a 49% interest in Block 4 of the Plataforma Deltana area of the Venezuelan continental shelf from Statoil ASA. Terms were not disclosed.
The agreement remains subject to approval by Venezuela's Ministry of Energy and Petroleum. The license covers 1,435 sq km in 200-800 m of water.
Operator Statoil is drilling the first of three planned wildcats on Block 4, Ballena 1-X (OGJ Online, Jan. 4, 2005).
