7th Nov 2005 10:45
Total S.A.07 November 2005 Total Makes Sixth Oil Discovery in Libya's Block NC 186 Paris - November 7, 2005 - Total (24%) and partners Repsol YPF (operator), OMVand Saga have made a sixth oil discovery in Libya's Block NC 186. Three of thediscoveries have been developed or are under development. Well J-1, drilled in the Murzuq Basin 800 kilometers south of Tripoli, reached atotal depth of 1,500 meters and encountered a significant oil column in theMamumiyat sandstone formation. J-1 is located 16 kilometers northeast of lastmonth's l-1 discovery. The well tested at 4,650 barrels per day of 40degreeAPI oil. In Libya, Total operates the offshore Al Jurf field and the Mabruk field in theSirte Basin. The Group is also a partner in the consortium that operates theadjacent El Sharara fields, which produce around 200,000 barrels per day oflight oil. Total is the fourth largest oil and gas company in the world with operations inmore than 130 countries. Total's activities cover the whole energy chain of thepetroleum 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 foundon the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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