Total S.A.
14 October 2003
Nigeria: Significant Extension of Usan Discovery
Paris, October 14, 2003 - Total announces that its Nigerian operating
subsidiary, Elf Petroleum Nigeria Ltd. (EPNL), has made a significant extension
of the Usan field discovery in deepwater Oil Prospecting License (OPL) 222,
offshore southeastern Nigeria.
The Usan-4 appraisal well, located around 110 kilometres offshore and 5
kilometres south of the Usan-1 well in water depths of approximately 750 metres,
is the third successful appraisal of the Usan field discovered in 2002.
Two zones were tested in the Usan-4 well and flowed at 4,400 and 6,300 barrels
of oil per day under restricted flow conditions. The well has confirmed the
presence of commercial quantities of oil, as well as additional potential in
previously untested reservoirs.
Nigerian National Petroleum Corp. (NNPC) is concessionaire for OPL 222 under a
production sharing contract operated by Elf Petroleum Nigeria Ltd. (20 percent),
in partnership with Chevron Petroleum Nigeria Ltd., Esso Exploration and
Production Nigeria (Offshore East) Ltd. and Nexen Petroleum Nigeria Ltd.
*****
Total is the fourth largest oil and gas company in the world with operations in
more than 120 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals
through its chemicals branch, Atofina. Total has 121,000 employees worldwide.
More information can be found on the company's website: 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.