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01/10/2013
15:55
M&A: Total completes acquisition of 50% stake in offshore asset in RSA

Total completed the acquisition of a 50% interest in offshore Block 11B/12B in the Republic of South Africa from CNR International Ltd., a wholly owned subsidiary of Canadian Natural Resources Limited, Total informed.

The asset is located in the Outeniqua Basin, around 175 kilometers off the southern coast of the country, and covers an area of 19,000 square kilometers.

Total (France) is one of the largest integrated oil and gas companies worldwide operating in more than 130 countries.


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