TotalEnergies signs MoU with Syrian Petroleum Company for Block 3 offshore exploration
Key highlights
- TotalEnergies, QatarEnergy and ConocoPhillips signed an MoU with the Syrian Petroleum Company to pursue exploration of offshore Block 3 in the Mediterranean
- The MoU mandates a technical review of Block 3
- It establishes a framework for technical and commercial discussions on potential exploration activities
- TotalEnergies previously partnered with the Syrian Petroleum Company from 1988 to 2011
Agreement
TotalEnergies, together with QatarEnergy and ConocoPhillips, signed a Memorandum of Understanding with the Syrian Petroleum Company to pursue exploration of offshore Block 3 in the Mediterranean Sea.
Scope
The MoU mandates a technical review of Block 3 and establishes a framework for technical and commercial discussions on potential exploration activities for the block.
Partnership background
TotalEnergies noted a prior working relationship with the Syrian Petroleum Company from 1988 to 2011 and will collaborate with its partners to assess offshore exploration opportunities.
Source: TotalEnergies