Total
Total: Additional Oil Discovery on Block 32, in the Angolan Ultra Deep Offshore
Sociedade Nacional de CombustÃveis de Angola (Sonangol) and Total E&P Angola, a
wholly owned subsidiary of Total (NYSE:TOT) (LSE:TTA) (Paris:FP), announce a new
oil discovery with the eleventh exploration well on Block 32 in the ultra deep
waters of the Angolan offshore.
Drilled in a water depth of 1700 metres, the Colorau-1 well encountered Upper
Oligocene oil bearing reservoirs. The well was tested at a rate of 2,130 barrels
of oil per day through a 32/64' choke. This discovery is located in the
north-eastern part of Block 32, approximately 16 kilometres north east of
Manjericão.
Complementary technical studies are being carried out to fully evaluate these
promising drilling results, and further exploration drilling is underway and
planned across the block.
Sonangol is the concessionaire of Block 32. Total holds a 30% interest as
Operator. Other partners in Block 32 are Marathon Oil Company (30%), Sonangol
E.P. (20%), Esso Exploration and Production Angola (Overseas) Limited (15%) and
Petrogal (5%).
Total in Angola
Total is present in Angola since 1953 and held beginning of 2007 interests in
production permits both operated (Blocks 3 and 17) and non operated (Blocks 0,
and 14) and three exploration permits, one of which it operates (Block 32).
Deep-offshore Block 17 is Total's major asset in Angola. It is composed of four
major zones : Girassol and Dalia, both in production; Pazflor, which is in the
bidding process before sanction; and CLOV, a fourth major production area based
on the Cravo, Lirio, Violeta and Orquidea discoveries, whose development is
currently being studied. Future production from these fields will come in
addition to 500,000 barrels of oil per day that are currently pumped from
Girassol and Dalia structures on the Block 17. Connected to the Girassol FPSO,
Rosa, which came on stream mid-june 2007, will extend the production plateau of
this FPSO until the next decade.
Ultra-deep exploration work conducted from 2003 to 2007 confirmed the potential
of Block 32. Previous discoveries of Gindungo in 2003, Canela and Cola in 2004,
Gengibre and Mostarda drilled in 2005, Salsa, Caril and Manjericão drilled in
2006 and the positive results from the recently drilled wells Louro and Cominhos
in 2007 confirmed the major potential of the block.
Conceptual development studies are underway in order to establish the
feasibility of a first development zone in the eastern part of the block. In
addition, studies will be initiated to evaluate the development potential of the
other discoveries.
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
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