French major Total has signed two agreements with Senegal, allowing the firm to explore in Senegal’s deep and ultra-deep offshore.
“These agreements are part of the company’s strategy to carry out exploration activities in new deepwater basins in Africa and leverage our world renowned expertise,” said Patrick Pouyanné, chairman and CEO, Total.
The first agreement involves an exploration and production sharing contract for the Rufisque Offshore Profond block, which covers an area of 10,357sq km. Total will be the operator with a 90% interest alongside Société Nationale des Pétroles du Sénégal (Petrosen), holding the remaining 10%.
Total also signed a cooperation agreement with Petrosen and Senegal’s Ministry of Energy and Renewable Energy Development under which Total will perform studies to assess the exploration potential of Senegal’s ultra-deep offshore and become operator of an exploration block.
Source: OE
