Dec 26, 2010

Total OKs management transfer of 2 Angola blocks



Total SA (TOT) has agreed to transfer the management of two Angola marginal blocks to state oil company Sonangol, spokesmen for the two companies said Friday, as the French oil giant focuses its efforts on larger assets in the country.
An agreement for the transfer of operations of oil blocks 3-85 and 3-91 from the French oil major to Sonangol "is finalized," a Sonangol spokesman said.
Source: Offshore Energy Today

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