Do More With Reuters

Total buys interests in offshore Australia licences

Tue May 13, 2008 2:44pm IST
 
Email | Print | | Single Page
[-] Text [+]

PARIS, May 13 (Reuters) - Total (TOTF.PA: Quote, Profile, Research) said on Tuesday it had acquired interests in three offshore licences in Australia's North West Shelf.

Financial terms were not disclosed.

Total bought a 50 percent stake in two offshore permits in the Vulcan basin, in partnership with the operating company Apache Corp (APA.N: Quote, Profile, Research), and one permit as full operator in the Browse basin, north of Ichthys.

(Reporting by Dominique Vidalon)

 
Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

REUTERS POLL

What concerns you more:
Nuclear deal
Price rise
Indian cricket team's performance