Total S.A.
14 February 2006
Angola: Fifth oil discovery in the Angolan ultra-deepwater
Block 32
Paris, February 14, 2006 - Sociedade Nacional de Combustiveis de Angola
(Sonangol) and Total's wholly owned subsidiary Total E&P Angola announce
a new oil discovery with the fifth exploration well drilled on Block 32 in the
offshore ultra-deepwaters of Angola.
Drilled in a water depth of 1,758 meters, the Mostarda-1 well tested at a rate
of 5,347 barrels per day of oil at 30 degree API density, from one of the
reservoir intervals encountered. The discovery is located in the eastern part
of Block 32, approximately 14 Kilometres south of Canela-1, and 15 Kilometres
southeast of Gengibre-1, other discoveries on the same block announced in 2004
and 2005 respectively.
Complementary technical studies are underway to evaluate the potential of the
Mostarda-1 discovery and its joint development with the other Block 32
discoveries.
Sanangol is the concessionaire of Block 32. Total is operator (30%) with
partners Marathon Oil company (30%), Sonangol E.P. (20%), Esso Exploration and
Production Angola (Overseas) Limited (15%) and Petrogal (5%).
Total is Africa's leading international oil producer, with output of 813,000
barrels oil equivalent per day in 2004. Today the Group is one of the principal
players in the Angolan offshore petroleum industry with a major development
programme. Present onshore, in deep offshore and in the ultra-deep offshore,
the Group operates notably Block 17 (40%) where the Dalia and Rosa fields are
currently under development. In 2004, Total had equity production of 164,000
barrels of oil equivalent per day in Angola.
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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.
Total has more than 111,000 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
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