Total to explore the southern part of Rub Al-Khali
Posted: 16 November 2003
Total announced the official signature of the agreement under
which a consortium comprising Saudi Aramco, Shell and Total will
explore a gas area covering more than 200,000 square kilometers
in the southern part of the Rub Al-Khali (Empty Quarter) in the
Kingdom of Saudi Arabia.
The agreement was signed today in Riyadh by His Excellency Ali
I. Al-Naimi, Saudi Arabia's Minister of Petroleum and Mineral Resources,
and the Chairmen of the three companies concerned.
Total, with a 30 per cent interest, is partnered with Saudi Aramco
(30 per cent) and Shell (40 per cent), leader of the joint venture
that will be formed by year-end.
Tenders for seismic surveying are expected to be issued in first-quarter
2004. In the event of a discovery, the gas produced will contribute
to the industrial development of the Kingdom.
"Total is honored and delighted to have been chosen by Saudi
Arabia to take part in the long-term development of its gas resources.
This agreement will enable Total to further strengthen its long-standing
cooperation with Saudi Aramco.
Total will bring its experience, expertise and technology to the
joint venture to ensure the project's success," commented Thierry
Desmarest, Chairman and CEO of Total
For more information see http://www.total.com.
Posted by Richard Price,
Editor Pipeline Magazine
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