Total S.A.
01 August 2006
Paris, August 1st, 2006 - Total has signed an agreement with Indonesia's PT
Easco East Sepanjang to farm into the offshore East Sepanjang block, northeast
of Java, with a 49% working interest. The Group also has the option of acquiring
an additional 41% interest at a later date, provided specific conditions are
met.
Lying in water depths ranging from 400 to 1,000 metres, the East Sepanjang block
covers around 5,100 square kilometres. A seismic survey will be conducted by
year-end and an exploration well drilled in 2007. Total will assume operatorship
after the first 3 years 'Firm Commitment' exploration period.
Present in Indonesia since 1968, Total is the country's leading gas producer and
supplies more than 70% of the feed gas for the Bontang liquefaction plant, on
behalf of the 50-50 Total-Inpex joint venture, operator of the Mahakam block in
which the Tambora, Tunu and Peciko gas fields are located. The Group produced
more than 2.6 billion cubic feet per day of gas in Mahakam in first-half 2006.
Output will be maintained at this level at least through 2010. Total is also a
top-tier oil and condensates producer, with operated output of 88,000 barrels
per day in 2005.
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
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