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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TotalEnergies SE | BIT:TOT | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jul 2019 to Jul 2024
French oil major Total SA (TOT) said Monday it has won a 90% interest in an Egyptian offshore gas exploration block, with Italian utility Enel SpA (ENEL.MI) as its partner.
Total will be the operator and Enel plans to take 10%, the French oil and gas giant said in a statement.
The block, block 4 East El Burullus offshore, covers an area of 2,516 square kilometers, and is situated approximately 70 kilometers from the coast in water depths varying from 100 to 1,600 meters, Total said.
"The Nile basin is a prolific area where numerous gas discoveries have already been made," the company said.
The permit is for an initial exploration period of four years, and will include three-dimensional seismic surveys and the drilling of exploration wells.
-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756; adam.mitchell@dowjones.com
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