Total set to step on the gas in Gabon

10th November 2004, Comments 0 comments

LIBREVILLE, Nov 10 (AFP) - The oil ministry in the central African country of Gabon on Wednesday signed a gas exploration and production-sharing contract with the local subsidiary of French oil major Total.

LIBREVILLE, Nov 10 (AFP) - The oil ministry in the central African country of Gabon on Wednesday signed a gas exploration and production-sharing contract with the local subsidiary of French oil major Total.

The contract concerns a 2,109 square kilometer (814 square mile) on-shore deposit of natural gas situated between Libreville, the capital in the north, and Port-Gentil, a port in the centre of the country.

"This is the first time in our country that an oil company has signed a contract to explore solely for natural gas," Oil Minister Richard Onouviet said after the contract was signed.

"If Total finds gas there, and I have high hopes that they will, it will mean more natural wealth for our country," he said.

"We know there is natural gas but we don't know what quantities we will be able to produce. That's what we are going to try to determine in the next two years," the head of Total Gabon, Jean Bie, said.

© AFP

Subject: French News

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