We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
TOTAL SE | NYSE:TOT | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 48.30 | 0 | 01:00:00 |
By Summer Said
The United Arab Emirates' state energy company said it would split one of its most important offshore oil concessions and is in advanced talks with more than a dozen potential partners to improve its returns.
Abu Dhabi National Oil Co , or Adnoc, will split its ADMA-OPCO concession into two, or more, concessions with new terms, it said in an emailed statement on Monday.
The concession will be comprised of a mix of the Lower Zakum field, Umm Shaif, Nasr, Umm Lulu and Satah Al Razboot.
Potential partners for development of the concession comprise a mix of existing concession holders in Adnoc's offshore oilfields and new participants.
The current concession, dating back to 1953 and producing about 700,000 barrels a day, expires in March. Its current shareholders are BP PLC, Total SA, and Japan Oil Development Co.
The Abu Dhabi government will continue to hold a 60% stake in the new concession areas.
Write to Summer Said at summer.said@wsj.com
(END) Dow Jones Newswires
August 07, 2017 05:43 ET (09:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year TOTAL Chart |
1 Month TOTAL Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions