2nd Jun 2006 08:03
Total S.A.01 June 2006 Cameroon: Oil Discovery in the Dissoni Block Paris, June 1, 2006 - Total announces an oil discovery from the firstexploration well drilled in the Dissoni Block in the offshore Rio del Rey basin in Cameroon. The government of Cameroon awarded the block to Total E& PCameroon, the operator, and Pecten Cameroon Company in April 2005. The well encountered around 50 metres of oil pay in massive oil bearingsandstone. The promising find demonstrates Dissoni's potential and should enablea new development plan to be deployed after studies and possible furtherappraisal. Less than 18 months after the Bakingili discovery well in October 2004, thelatest discovery validates Total's strategy of capitalizing on its operatedacreage in Cameroon, as well as its commitment, alongside its partners and theauthorities, to offsetting the natural decline in production from mature fields. Total has been active in Cameroon for more than 50 years and today operatesproduction of just over 60,000 barrels per day, or around two-thirds of thecountry's output, on behalf of its joint venture with Societe Nationale desHydrocarbures and Pecten Cameroon Company. *********** Total is one of the world's major oil and gas groups, with activities in morethan 130 countries. Its 95,000 employees put their expertise to work in everypart of the industry - exploration and production of oil and natural gas,refining and marketing, gas trading and electricity. Total is working to keepthe world supplied with energy, both today and tomorrow. The Group is also afirst rank player in chemicals. www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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