French oil major Total SA (TOT) said Friday that
it has signed an agreement with Kulob Petroleum, a subsidiary of Tethys
Petroleum Ltd (TPL.T) to buy a 33.335% interest in Bokhtar area oil
business in Tajikistan.
Under the agreement, signed jointly with a unit of state-owned China
National Petroleum Corp., Total and the unit of CNPC will
each hold a 33.335% interest in the business, while Kulob will retain a
33.33% stake. The Bokhtar PSC covers an area of 35,000
square kilometers at the eastern end of the prolific Amu Darya Basin,
said Total in a statement.
On completion of the transaction, Total will
acquire an interest in the Tajikistani sector of the Amu Darya Basin,
said the company.