Total announced the signature of a Deed of Amendment (DOA) with Petroleum Brunei on the Brunei deepwater Block CA-1, previously known as Brunei Block J. The DOA amends the original Production Sharing Contract of Block J signed in 2003 and allows Petronas Carigali Overseas and Canam Brunei, a wholly-owned subsidiary of Murphy Oil Corporation, to join the existing consortium. With the DOA in place, Total will remain the operator with a 54% interest, alongside partners BHP Billiton, Hess, Petronas Carigali Overseas and Murphy Oil.
Marc Blaizot, Senior Vice President, Geosciences at Total Exploration & Production, declared, "Total is very satisfied with the signature of this agreement which will enable exploration operations to resume on this promising block, and a drilling campaign to start within a short period of time based on the seismic studies already performed. Total is also pleased to reinforce its partnership with Petroleum Brunei and Petronas Carigali through this contract and to welcome Murphy as a new partner in the consortium."
Most Popular Articles
From the Career Center
Jobs that may interest you