14th Feb 2006 09:04
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 announcea new oil discovery with the fifth exploration well drilled on Block 32 in theoffshore ultra-deepwaters of Angola. Drilled in a water depth of 1,758 meters, the Mostarda-1 well tested at a rateof 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 Kilometressoutheast of Gengibre-1, other discoveries on the same block announced in 2004and 2005 respectively. Complementary technical studies are underway to evaluate the potential of theMostarda-1 discovery and its joint development with the other Block 32discoveries. 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 principalplayers in the Angolan offshore petroleum industry with a major developmentprogramme. Present onshore, in deep offshore and in the ultra-deep offshore,the Group operates notably Block 17 (40%) where the Dalia and Rosa fields arecurrently under development. In 2004, Total had equity production of 164,000barrels of oil equivalent per day in Angola. ****************** 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 ExchangeRelated Shares:
TTA.L