Friday, September 14, 2012

South Sudan to split Total oil block: officials | Latest News Link


A logo for oil giant Total is seen at a petrol station in LondonJUBA (Reuters) – South Sudan will split a massive oil block largely held by Total into three parts, giving one to the French company and the others to two firms, officials said, in the biggest shake-up of the nation's concessions since it seceded from Sudan. One oil industry source identified the other two operators as U.S. major Exxon Mobil and Kuwait's Kufpec, but the government did not confirm the names. Total, Exxon Mobil and Kuwait Petroleum Corp, the state-owned parent firm of Kufpec, all declined to comment on the division of the mostly unexplored block, known as Block B. …


Read more from source:“yahoo-science-energy”


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