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TotalFinaElf wants more of Dolphin project
TotalFinaElf, the Franco-Belgian oil group, confirmed that it wants to increase its stake in the Dolphin project, which entails the development of upstream facilities for the production of gas from khuff formation in the contract location within Qatar's north gas field, The € 4.029 million project is for the production of gas at the giant North Field and the construction of a 350km gas pipeline at an estimated total cost of between € 9.500 million and € 11.500 million. TotalFinaElf owns a 24.5 % stake and is a candidate since May 2001 for the acquisition, either in part or whole, of another 24.5 % abandoned by Enron before its demise. The other candidates are Conoco, ExxonMobil, BP, Occidental and Shell.
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25/05/2012 17:35
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