25th Apr 2013 10:53
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil.
Operated by Total E&P Côte d’Ivoire, Ivoire-1X is the first well drilled on the CI-100 block. It was drilled to a total depth of 5,044 meters.
The well confirms the extension into Block CI-100 of the already proved active petroleum system in the prolific Tano basin, home to several fields, including Jubilee in Ghana.
The data acquired during drilling is being analyzed to develop an appraisal program for the reservoirs discovered and explore identified prospects further east in the block, near recent discoveries in Ghana.
Total E&P Côte d’Ivoire operates the block with a 60% interest, alongside Yam’s Petroleum LLC (25%) and Petroci Holding (15%).
Total Exploration & Production in Côte d’Ivoire
Total also has interests in three other ultra-deep offshore exploration licenses (CI-514, CI-515, CI-516) in Ivory Coast.
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Total is a leading international oil and gas company with operations in more than 130 countries. It is also a world-class chemical producer. Its 97,000 employees put their expertise to work in every part of the industry — exploration and production of oil and natural gas, refining and marketing, new energies, trading and chemicals — to keep the world supplied with energy, both today and tomorrow. www.total.com
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TOTAL S.A.Capital 5 914 832 865 euros542 051 180 R.C.S. Nanterrewww.total.com
TOTALMartin DEFFONTAINESMatthieu GOTKarine KACZKAMagali PAILHERobert HAMMOND (U.S.)Robert PERKINS (U.S.)Tel. : (1) 713-483-5070Fax : (1) 713-483-5629
Copyright Business Wire 2013
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