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| 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 |
From May 2019 to May 2024
By Cristina Roca
Total SA (FP.FR) said Monday that it has signed an agreement with Apache Corp. (APA) to buy a 50% working interest and operatorship in a block offshore Suriname.
The French energy major will enter Suriname with the purchase of the stake in Block 58, for which it will pay a bonus of $100 million plus its share of past costs, it said.
"Total will provide a reimbursable carry for a share of Apache's capital expenditure for the development phase and make some additional payments linked to the development and production," the company said.
Cost of carry and payments would represent an acquisition cost of around $2 a barrel, Total said.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
December 23, 2019 02:52 ET (07:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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