Total will assume a 40% interest in the licences, which the other JV members agreed to facilitate through the shuffling of their own interests.
The acquired interest will see Total pay $US1.
DART Energy and its joint venture partners in the UK's Bowland shale in Lincolnshire have entered into a farm-out agreement with French supermajor Total SA for the PEDL 139 and 140 permits.
Total will assume a 40% interest in the licences, which the other JV members agreed to facilitate through the shuffling of their own interests.
The acquired interest will see Total pay $US1.