Total to transfer 20% and functions of operator in Kharyaga production sharing agreement to Zarubezhneft

Total will transfer Zarubezhneft a share of 20% in the Kharyaga oil field under production sharing agreement, as well as the operator functions. This was reported in press release of the companies.

"Total will transfer Zarubezhneft 20% participation in the project and the operator functions. After the transaction closing, Total will retain 20%, and the shares of other investors in the project will be following: Zarubezhneft (operator) - 40%, Statoil - 30%, Nenets Oil Company - 10%," – the message reports.

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