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 volume 14, issue #15 - Tuesday, November 03, 2009

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Total acquires stake in UK Tobermory discovery

11-09-09 Total E&P UK agreed to acquire a 43.75 % in UK License P967, which includes the Tobermory natural gas discovery.
The agreements, making Total the operator, are with Mobil North Sea, Marathon Oil UK, and Anadarko North Sea Holding.

The Tobermory discovery well was drilled in 1999 in 1,600 m of water about 175 km northwest of the Shetland Islands. Total said the acquisition is in line with its strategy of developing its UK position, particularly in the vicinity of the company's operated Laggan and Tormore gas-condensate discoveries.
The Tormore discovery well is in 610 m of water 15 km southwest of the Laggan discovery, successfully appraised in 2004.

Source: http://www.ogj.com



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