One-Page Deal Sheet
Total Lets go of Offshore Angolan Interest
Inpex Corp Total SA
Announced Date
August 21,2012
Close Date
August 21,2012
Transaction Type
Property
Asset/Basin:
{"Congo Basin (offshore Angola)"}
Location
Region
Africa - West Africa
Country
Angola
Transaction Details: Subscribe to see
Total has agreed to sell to INPEX CORPORATION a 9.99% indirect interest in offshore Angola Block 14.
The transaction remains subject to the approval of Angolan authorities.
Block 14
Block 14 is located approximately 100 km offshore from Cabinda in Angola and covers approximately 4,094 km2 with a water depth ranging from 200m to 1,500m. Block 14 started production in 1999 and currently produces in excess of 160,000 barrels of oil per day (boe/d) of medium light crude oil. Block 14 is operated by Cabinda Gulf Oil Company Limited (31%) and other partners alongside Total (20%) are Sonangol…
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