Iraq: Total acquires interest in two exploration Blocks in Kurdistan Region of Iraq

abarrelfullabarrelfull wrote on 31 Jul 2012 20:37
Tags: iraq m-east total upstream

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Total announced the signature of a Farm-in Agreement in two exploration blocks in Kurdistan Region of Iraq.

Total has completed an acquisition of 35% interest in two Blocks, Harir and Safen, held by Marathon Oil KDV B.V., a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO). Total will be the operator of the development of the Safen Block. The Blocks cover areas of respectively 705 and 424 square km.

Total confirms its commitment to contribute to the development of the oil Industry in Iraq and is looking for new opportunities.

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