Total S.A.
08 February 2007
Two oil discoveries on Block 32, in the Angolan ultra deep offshore
Paris, February 8, 2007 - Sociedade Nacional de Combustiveis de Angola
(Sonangol) and Total E&P Angola, a wholly owned subsidiary of Total, announce
new oil discoveries with the eighth and ninth exploration wells drilled on Block
32 in the ultra deep waters of the Angolan offshore.
Drilled in a water depth of 1,977 metres, the Manjericao-1 well tested more than
5,000 barrels per day of oil from Oligocene oil bearing reservoirs. This
discovery is located in the central part of Block 32, approximately 38
kilometres northwest of the Gengibre-1 discovery made in 2004. It demonstrates
that there is additional resource potential in the previously unexplored central
area of Block 32.
Drilled in a water depth of 1,673 meters, the Caril-1 well also encountered
Oligocene oil bearing reservoirs. The well was tested from a selected interval
and produced at a rate of 6300 barrels per day of light oil. This discovery is
located in the northeastern part of Block 32, approximately 18 kilometres north-
northwest of the Gindungo-1 and 7 kilometres west-south-west of Cola-1,
discoveries made respectively in 2003 and 2004.
Complementary technical studies are being carried out to fully evaluate these
promising drilling results, and further exploration drillings are underway and
planned across the block.
Sonangol is the concessionaire of Block 32. Total holds a 30% interest as
Operator. Other partners in Block 32 are Marathon Oil Company (30%), Sonangol
E.P. (20%), Esso Exploration and Production Angola (Overseas) Limited (15%) and
Petrogal (5%).
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.
Ultra-deep exploration work conducted in 2005 and 2006 confirmed the potential
of Block 32. After the discoveries of Gindungo in 2003, Canela and Cola in 2004,
Gengibre and Mostarda in 2005, the positive result from the recently drilled
Salsa well confirmed the potential of a new production structure in the
southeastern area of the block. Conceptual development studies were initiated in
2005 for development of these 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
2, place de la Coupole
La Defense 6
92 400 Courbevoie France
Tel: 33(1)47 44 58 53
Fax: 33(1)47 44 58 24
Jerome SCHMITT
Laurent WOLFFSHEIM
Philippe HERGAUX
Sandrine SABOUREAU
Robert HAMMOND (U.S.)
Tel.:(1)201 626 3500
Fax.:(1)201 626 4004
TOTAL S.A
CAPITAL 5 981 907 383 euros
542 051 180 R.G.S. Nanterre
www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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