16th Feb 2006 11:11
Total S.A.16 February 2006 Libya: Total makes new oil discovery on Block NC 186 Paris, February 16, 2006 - Total (24%) and partners Repsol YPF (operator),OMV and Saga have made a seventh oil discovery in Libya's Block NC 186,in the Murzuq Basin 800 kilometres south of Tripoli. During production testing, the K1 well flowed at a rate up to 2,300 barrels ofoil per day. Three of the previous discoveries on the Block NC 186 have already beendeveloped. All the discoveries are near to the El Sharara field in block NC 115 whichproduces around 200,000 barrels per day of low sulphur light oil and in whichTotal holds a 30% stake in the foreign consortium. This latest discovery strengthens Total's position in Libya, where the Group isoperator of the Al Jurf offshore field and of the Mabruk field in the Sirte Basin as well as a number of exploration permits. * * * * * * 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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