Total S.A.
26 January 2007
Angola: significant oil discovery in deep water Block 14
Paris, January 26, 2007 - Total announces that it has made a new significant oil
discovery in deep-water Block 14, within the Lower Congo Basin, offshore Angola.
Total holds a 20% interest in Block 14 alongside Cabinda Gulf Oil Company
Limited, (31%) Sonangol, P.P (20%), Eni (20%) and Galp (9%).
The Lucapa-1 discovery well was drilled in 1,201 metres of water to a total
vertical depth of 3,340 metres and encountered more than 85 metres of oil in
Miocene age sands. The well tested 24-degree API gravity oil from high
permeability sand in the main target interval. The discovery will be followed by
further appraisal drilling in addition to geologic and engineering studies to
appraise the field and assess its potential reserves. The Lucapa discovery is
the 10th exploration discovery made in Block 14 since 1997.
Total in Angola
Total is present in Angola since 1953 and held end 2006 interests in six
production permits, three of which it operates (Blocks 17, 3 and FS/FST) and
three it does not (Blocks 0, 14 and 2) and three exploration permits, one of
which it operates (Block 32) and two it does not (Blocks 31 and 33).
Deep-offshore Block 17 is Total's major asset in Angola. It is composed of four
major zones (Girassol and Dalia, which are in production, Pazflor which is in
the final bidding process before sanction, and CLOV, a fourth major production
area, based on Cravo, Lirio, Orquidea and Violeta discoveries, currently being
studied).
The production of Block 17, with Girassol and Dalia structures, is
expected to reach nearly 500,000 barrels of oil per day by summer 2007.
* * * *
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.