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AFX News: Total pulls out of gas exploration project in Saudia Arabia

8/2/2008 16:20 London Time

PARIS (Thomson Financial) – French oil giant Total has decided to pull out of a gas exploration project in Saudia Arabia after three wells turned up no gas, a spokesman for the company told Agence France-Presse.

Total was a partner in the South Rub al-Khali joint venture alongside Royal Dutch Shell and Saudi Arabia”s Aramco.

Total remains on good terms with Saudi Aramco and continues to pursue other projects in the country, the spokesperson said.

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