August 21, 2012 / 7:17 AM / 5 years ago

Japan's Inpex to acquire Angola oilfield stake from Total

TOKYO, Aug 21 (Reuters) - Japan's top oil and gas explorer Inpex Corp said on Tuesday it has agreed to acquire a 9.99 percent stake in Angola's offshore oilfield block 14 from France's Total .

The deal is subject to the Angolan government's approval, Inpex said in a statement. Block 14 is producing crude oil at a rate of about 160,000 barrels per day, it said. (Reporting by Osamu Tsukimori and Chang-Ran Kim; Editing by Michael Watson)

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