25 Jun 2010 14:18

Gazprom Neft, GEPetrol sign deal on Equatorial Guinea shelf

MOSCOW. June 25 (Interfax) - Gazprom Neft , GEPetrol and Equatorial Guinea's Mining, Industry and Energy Ministry have signed an agreement to develop the African country's shelf, Gazprom Neft chief Alexander Dyukov told reporters.

The companies plan to explore and develop the T and U blocks, which have combined reserves of approximately 110 million tonnes, on production-sharing terms.