Total Awarded 32 Offshore Exploration Blocks in Alaska

Source: www.gulfoilandgas.com 4/20/2007, Location: North America

Total announces that its wholly owned subsidiary, Total E&P USA, Inc., has been awarded 32 offshore exploration blocks in an oil and gas lease sale in Alaska. Award of these blocks is subject to final approval by the Minerals Management Service.

Covering an area of around 750 square kilometres, the blocks are located around 40 kilometres off the northern coast of Alaska in an average water depth of 35 metres.

The exploration period will last 10 years. Total E&P USA is considering conducting a seismic survey to identify the main prospects and possible drilling locations for the exploration wells.

In recent years, Total has acquired extensive familiarity with this oil region, allowing it to identify a number of attractive exploration plays.

The acquisition of these blocks is in line with Total’s strategy of focusing on prospects with high long-term potential.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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