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IS - Total targets new Angola development hub in $400MM deal - December 2019



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Total acquired stakes in two Kwanza Basin blocks off Angola from state-controlled Sonangol for $400 million. The French supermajor picked up an operated 50% WI in Block 20/11 in the central part of the basin and 80% WI in Block 21/09 in the southcentral area, paying $400 million at closing with an additional $100 million due at the time of a final investment decision on a development hub for the two blocks, which have......
 
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