Total S.A.
20 April 2004
Angola: Total makes second oil discovery
in the Angolan ultra-deep waters of Block 32
Paris, April 20, 2004 - Sonangol, Sociedade Nacional de Combustiveis de Angola,
and Total, announce a new oil discovery with the second well drilled in the
ultra deep waters of Block 32 on the Angolan offshore.
Drilled in a water depth of 1,540 meters, the Canela-1 well produced in a test
phase 6,800 barrels of oil per day, from only one reservoir. The discovery is
located in the eastern part of Block 32, approximately 15 kilometers to the
southeast of Gindungo-1, the first discovery on the block announced in 2003.
Geological and complementary engineering studies will be made to evaluate the
production potential of Canela-1.
Sonangol is the concessionaire of Block 32. Total is the operator with a 30%
interest associated with Marathon Oil Company (30%), Sonangol P&P (20%), Esso
Exploration and Production Angola (Block 32) Ltd. (15%) and Petrogal (5%).
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Total is the fourth largest oil and gas company in the world with operations in
more than 130 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 121,500 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
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