Total S.A.
27 July 2006
Nigeria: Total signs farm-in agreement on two offshore blocks
Paris - July 27, 2006 - Total announces that its wholly-owned Nigerian operating
subsidiary, Elf Petroleum Nigeria Limited (EPNL), has signed a farm-in agreement
with Amni International Petroleum Development Company Limited, for the Oil Mining
Licences (OMLs) 112 and 117 offshore southeast Nigeria. With this agreement,
EPNL has acquired a 40% participating interesting in both OMLs.
OMLs 112 and 117 are located in the eastern part of the Niger Delta at about
20 kilometres from the Bonny LNG plant. Together, they cover an area of
550 square kilometres in water depths between 10 to 15 metres.
EPNL is the technical partner and will operate the appraisal and development on
behalf of Amni. An appraisal well, Ima 12, has just been drilled and confirmed
the gas reserves of the acreage. Tests are currently ongoing to ascertain the
quality of the gas and the nature of the reservoirs. The gas reserves will
supply Total's future projects in Nigeria.
The development of offshore fields in Nigeria constitutes one of the principle
growth areas for Total in Africa, in particular with the development of the Akpo
field, with start-up planned for late 2008 at a level of 225,000 barrels of oil
equivalent per day. Total also holds a 15% stake in the Bonny liquefied natural
gas plant. The development of Total's presence in Nigeria, combined in
particular with the growth of the company's production in Angola, will enable
Total to consolidate its position as leader among other oil majors in Africa.
****************
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
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.