3rd May 2006 14:29
Total S.A.03 May 2006 Gas Discovery in the Timimoun Perimeter in Algeria Paris, May 3, 2006 - Total has made a discovery in the Timimoun gas perimeter in southwestern Algeria, which it operates with a 63.75% interest alongside state oil and gas company Sonatrach (25%) and Cepsa (11.25%). The MJB-3 exploration well tested at 235,000 cubic meters of gas per day. Thefind is currently being evaluated, while the exploration and appraisal programcontinues in the Timimoun perimeter. Present in Algeria for more than 50 years, Total has four main centers ofoperation - Hamra, Tin Fouye Tabankort, Bechar and Timimoun - as well asinterests in the Rhourde El Khrouf and Ourhoud fields through its stake inCepsa. Total is also a partner in the planned Medgaz pipeline between Algeriaand Spain. 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:
TTA.L