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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