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|18 Mar 18
||UAE: ADNOC awards Total participating interests in two new 40-year offshore concessions on Umm Shaif & Nasr and Lower Zakum
Total has signed two new 40-year concession agreements with the Abu Dhabi National Oil Company (ADNOC). Total has been granted a 20 per cent participating interest in the new Umm Shaif & Nasr concession and 5 per cent in the Lower Zakum concession for a total participation fee of 1.45 billion dollars
|16 Mar 18
||Suriname: Cairn Energy negotiating PSC offshore Suriname
Suriname's State oil company Staatsolie and Cairn Energy are negotiating a production sharing contract (PSC) for a block offshore Suriname. The block is approx. 13,000 sq kms and is located on the Demerara plateau.