Total has signed an agreement with CNOOC Middle East (Qatar) for the acquisition of a 25% interest in Qatar’s block BC exploration licence for an undisclosed sum.

The offshore block, covering an area of 5,649km², is located 130km east of Qatar at a depth of 15-35m.

According to a block BC exploration and production sharing agreement signed by the Qatari Government, 2D and 3D seismic surveys will be conducted and at least three exploration wells drilled by 2014.

CNOOC Middle East (Qatar) will continue to act as the operator of the block with a 75% interest.