Total Acquires Stake in Two Deepwater Blocks Offshore Austra

Block WA-269-P, Carnarvon Basin
(Click to Enlarge)
Total will participate in the exploration of two offshore blocks situated to the northwest of Australia.

Under the terms of one agreement with the Australian company Woodside, Total takes a 30% interest in the WA-269-P exploration block situated 150 kilometers from the shore in water depths between 300 and 1,500 meters. Woodside, as operator, is in the joint-venture with Japan Australia LNG (MIMI) Pty Ltd. who holds a 20% interest. Total could, under certain conditions, obtain an additional 10% stake in the block.

Total has also signed an agreement with the companies Woodside (operator), BHP Billiton and Japan Australia LNG (MIMI) Pty Ltd. to take a 50% interest in the exploration block WA-297-P situated 200 kilometers from the shore in water depths between 1,000 and 2,000 meters.

Exploration activities are planned in both blocks this year.
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