Total in Syrian deal
Posted: 4 September 2008
Total has signed three oil and gas agreements in Syria that will strengthen its long-term presence in the country.
"I’m very pleased that these three agreements have been signed. They pave the way for increased cooperation between Total and Syria and bolster our operations in partnership with the national oil companies of this country," said Christophe de Margerie.
The first agreement renews the Deir Ez Zor oil license, wholly-owned by Total and jointly operated by Total and the Syrian Petroleum Company via the Deir Ez Zor Petroleum Company joint venture.
The license was extended for 10 years to 2021, and enables Total to prolong and optimize production from the Jafra, Qahar and Atalla fields.
The second agreement covers enhancing output from the Tabiyeh gas and condensate field to increase gas deliveries to the domestic market from the Deir Ez Zor plant. This agreement will help Total develop its activities in Syria’s gas industry.
Lastly, Total signed a memorandum of understanding with state-owned Syrian Petroleum Company and Syrian Gas Company to set up a strategic partnership that will allow the development of common projects between Total and those companies.