Total, ExxonMobil in Polish shale gas deal
16 May 2011
Paris – Total has entered an agreement with ExxonMobil to farm into the Chelm and Werbkowice shale gas exploration concessions in Poland with a 49% interest.
Subject to Polish government approvals, ExxonMobil and Total will form a partnership operated by ExxonMobil, which retains a 51% stake
Awarded for a period of five years from March 2009 and December 2008 respectively, the Chelm and Werbkowice exploration concessions are located in the Lublin Basin in southeastern Poland and cover 1,162km2 and 995km2.
The work program for each concession comprises acquisition of seismic data, drilling of an exploratory well and a production test if drilling results are encouraging.
ExxonMobil has already performed seismic acquisition works, as well as the drilling of an exploratory well on the Chelm concession currently being evaluated.
