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Issue 6, 2018 - Total acquires shares in Libyan oilfields

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Total said recently that it has decided to acquire a 16.
33% concession stake in Marathon Petroleum's Waha field in Libya, in a deal worth $450 million
.
The exploration potential of the area covers 53,000 square kilometers, and the acquisition will give Total access to reserves and resources of more than 500 million barrels of oil equivalent, i.
e.
approximately 50,000 barrels of oil equivalent per day (BOE/D).

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