PARIS, Jan 4 (Reuters) - An international consortium led by
French energy group Total has struck an exploration
and production deal for the North Ras Kanayis offshore block in
the Herodotus Basin off the coast of Egypt, Total said on
Monday.
The exploration block covers an area of 4,550 sq km,
extending from 5 km to 150 km from the shore, with water depths
ranging from 50m to 3,200m, added the company.
Total has an 35% stake in the consortium. Other partners
include Shell, with a 30% stake, and the companies
KUFPEC and Tharwa, which have respective stakes of 25% and 10%.
(Reporting by Sudip Kar-Gupta; Editing by Jan Harvey)