Total: Offshore Angola: New Oil Discovery in De...
TOTAL S.A.
Total (NYSE:TOT) (LSE:TTA) (Paris:FP) announces that it has made a new oil
discovery in deep water Block 14, within the Lower Congo Basin, offshore Angola.
The discovery well, Malange-1, was drilled in 266 metres of water to a total
vertical depth of 4,743 metres and encountered around 65 metres of reservoir
full of oil. The well was tested and flowed high-quality crude at a rate of
7,669 barrels of oil per day. Malange-1 is the 11th exploration discovery made
in Block 14 since 1997.
The discovery will be followed by further drilling in addition to geologic and
engineering studies to appraise the field.
Total holds a 20% interest in Block 14 alongside Cabinda Gulf Oil Company
Limited (operator, 31%), Sonangol P&P (20%), Eni (20%) and Galp (9%). Sonangol,
Sociedade Nacional de CombustÃvies de Angola, is the concessionaire of the
block.
Total in Angola
Total is present in Angola since 1953 and held beginning of 2007 interests in
production permits both operated (Blocks 3 and 17) and non operated (Block 0 and
Block 14).Total also holds stakes in exploration permits, Blocks 15/06, 17/06
(operated), 31 and 32 (operated).
Deep-offshore Block 17 is Total's major asset in Angola. It is composed of four
major zones : Girassol and Dalia, both in production; Pazflor, which is in the
bidding process before sanction; and CLOV, a fourth major production area based
on the Cravo, Lirio, Violeta and Orquidea discoveries, whose development is
currently being studied. Future production from these fields will come in
addition to 500,000 barrels of oil per day that are currently pumped from
Girassol and Dalia structures on the Block 17. Connected to the Girassol FPSO,
Rosa, which came on stream mid-june 2007, will extend the production plateau of
this FPSO until the next decade.
Situated in deep offshore, the major potential of Block 32 was confirmed by the
ten discoveries achieved between 2003 and 2007.
Conceptual development studies gathering the Gindungo, Canela and Gengibre
discoveries were initiated in 2005 in order to exploit these discoveries in a
first production zone, in the central eastern part of the block. Studies will be
initiated to evaluate the development potential of the other discoveries.
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
Total
Jérôme SCHMITT
or
Laurent WOLFFSHEIM
or
Philippe HERGAUX
or
Sandrine SABOUREAU
or
Laurent KETTENMEYER
Tel. : 33 (1) 47 44 58 53
Fax : 33 (1) 47 44 58 24
or
Robert HAMMOND (U.S.)
Tel. : (1) 201 626 3500
Fax : (1) 201 626 4004
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