TotalFinaElf signs exploration and production sharing agreement with Oman

The Oman Ministry of Petroleum granted TotalFinaElf SA an exploration and production sharing agreement in which TotalFinaElf will take 100% interest and become the operator of Block 34. The block is in southeastern Oman and covers 11,500 sq km.

March 19, 2002

By the OGJ Online Staff
HOUSTON, Mar. 19 -- The Oman Ministry of Petroleum granted TotalFinaElf SA an exploration and production sharing agreement in which TotalFinaElf will take 100% interest and become the operator of Block 34.

The block is in southeastern Oman and covers 11,500 sq km. The exploration agreement calls for successive phases, with the first 2 years dedicated to geological studies and to the acquisition and interpretation of seismic data.

TotalFinaElf said the block strengthens its presence in Oman, where it is a partner on other projects with state owned Petroleum Development of Oman and Oman Liquefied Natural Gas.