7th Nov 2006 09:22
Total S.A.07 November 2006 Gas Discovery Near Tunu Field in Indonesia Paris' November 7, 2006 - Total announces a new gas discovery between the Tunuand Peciko fields in the offshore Mahakam block in Indonesia. Drilled in very shallow water 8 kilometres southwest of the southernmostplatform in the Tunu field, the Tunu Great South-1 well encountered a number ofgas reservoirs that confirm the existence of an extension of the southern zoneof Tunu. A production test will be conducted to confirm the find, and furtherwells will be drilled in the area to appraise its potential. The new resourcescould come on stream by 2009. Total operates the Mahakam block on behalf of the 50-50 Total-Inpex joint venture. Total in Indonesia: Present in Indonesia since 1968, Total is the country's leading gas producer.Production has grown steadily since 1999, and the Group's operated productionnow supplies 80% of the feed gas for the Bontang liquefaction plant from theMahakam block, in which the Tambora, Tunu and Peciko gas fields are located.Total operated more than 2.6 billion cubic feet per day of gas production fromthe Mahakam block in first-half 2006. Output will be maintained at this level atleast through the early years of the next decade. The Mahakam block is a top-tier oil and condensate producer, with output of just over 90,000 barrels perday in the first half 2006. 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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