VOL. XXXIV

NO. 30

29-APRIL-1991

UAE

CFP-Total Raises Stake in Abu Dhabi's Abu al-Bukhoosh

Compagnie Francaise des Petroles-Total (CFP-Total) announced last week that it has taken over 60% of the 24.5% stake of Charter Oil in the Abu al-Bukhoosh offshore field in Abu Dhabi, thereby raising its total interest in the field to 65.7% from the previous 51%. Prior to the takeover, CFP-Total (operator) held 51%; Canadian Sunningdale Oil Ltd. and Amerada Hess each owned 12.25%, while Charter had the...