By Nathan Allen

Total SA (FP.FR) and its partners have approved an expansion of the onshore Dunga oil field in Kazakhstan, the French oil major said Thursday.

As part of the phase-three development project Total and its partners will invest $300 million to increase reserves and boost the processing plant's production capacity by 10% to 20,000 barrels a day.

"This new development phase, combined with the Dunga field license extension, helps unlock 70 million barrels of additional reserves, which represents a significant development for Kazakhstan," Total's President of Exploration and Production Arnaud Breuillac said.

Total is the operator of Dunga with a 60% stake. Oman Oil Company and Partex hold minority stakes.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 04, 2019 05:30 ET (09:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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