South Sudan To Split Total Oil Block
From Reuters
South Sudan will split a massive oil block largely held by Total (TOTF.PA) into three parts, giving one to the French company and the others to two firms, officials said, in the biggest shake-up of the nation’s concessions since it seceded from Sudan.
One oil industry source identified the other two operators as U.S. major Exxon Mobil (XOM.N) and Kuwait’s Kufpec, but the government did not confirm the names.
