Total Renews Oil License In Disputed Western Sahara

Reuters

LONDON, Feb 7 (Reuters) - Total has renewed its licence to explore off the coast of disputed Western Sahara, where its oil hunt has angered independence activists and pushed a Norwegian investor to withdraw its money from the French energy company.

Morocco has issued licences for blocks in the Atlantic waters off Western Sahara, a desert tract that it mostly controls but which is also claimed by an Algerian-backed independence movement that deems those contracts illegal.

Total's activities and plans by U.S. explorer Kosmos Energy to sink a discovery well this year have brought one of Africa's oldest territorial disputes back into focus.

Total said on Friday it had extended for a third year its reconnaissance licence for the 100,000-square-kilometre Anzarane block, which was first issued by Morocco in December 2011.

Total told Reuters in an emailed response to questions that it had renewed the licence "in order to complete the treatment and the interpretation of the seismic data acquired in 2013".

Since obtaining the reconnaissance licence, Total has conducted geological, seabed and 3D seismic studies but has not announced any plans to drill an exploration well, which would require it to sign a separate contract with Morocco.

Morocco, Total and Kosmos have all pledged to abide by international standards and a U.N. legal opinion requiring them to consult local people on their activities.


123

View Full Article

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Specialist
Expertise: Contracts Administration
Location: Lake Charles, LA
 
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
 
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours