Wednesday, 22 August 2012

Japanese Firm to Acquire Angola Oilfield Stake from Total

Japan's top oil and gas explorer Inpex Corp has agreed to acquire a 9.99% stake in Angola's offshore oilfield block 14 from France's Total. The deal is subject to the Angolan government's approval. Block 14 is producing crude oil at a rate of about 160,000 barrels per day.

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