Petronas Acquires 30% Stake in Senegal's Rufisque Offshore Profond Block
13 Agosto 2018 - 11:35AM
Dow Jones News
By Yantoultra Ngui
KUALA LUMPUR, Malaysia--Petroliam Nasional Bhd., Malaysia's
national oil company more commonly known as Petronas, said it
bought a 30% equity stake in Senegal's Rufisque Offshore Profond
block from France's Total SA, marking its first entry into the West
African country.
Total will hold a 60% stake in the exploration block,
maintaining operatorship, and Senegal's national oil company, known
as Petrosen, will own the remaining 10%, according to a statement
Petronas released Monday.
The company didn't reveal any financial details about the
deal.
The Rufisque Offshore Profond block, covering an area of 10,357
square kilometres off the coast of Senegal, is located near recent
significant oil-and-gas discoveries in blocks such as St. Louis
Profond, Cayar Profond, Rufisque and Sangomar Deep Offshore,
Petronas said.
Exploration drilling activities in the Rufisque Offshore Profond
block will begin next year, Petronas said.
Write to Yantoultra Ngui at yantoultra.ngui@wsj.com
(END) Dow Jones Newswires
August 13, 2018 05:20 ET (09:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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