29th Mar 2007 10:13
Total S.A.29 March 2007 Dalia Field Officially Inaugurated in Angola "A new global technological benchmark" Christophe de Margerie, Chief Executive Officer of Total Paris, March 29, 2007 - Angola's Petroleum Minister, Desiderio Costa, officiallyinaugurated the deep offshore Dalia field at a ceremony also attended by ManuelVicente, Chairman of Sonangol (Sociedade Nacional de Combustiveis de Angola),and Christophe de Margerie, Chief Executive Officer of Total. Located in the prolific Block 17, home to 15 discoveries, Dalia came on streamin December 2006. Production already exceeds 200,000 barrels per day and isexpected to reach 240,000 barrels per day in the very near future. Dalia is a new global technological benchmark, a milestone in the history ofdeepwater oil development," said Christophe de Margerie. "We are extremely proudof this success story, which once again demonstrates Total's commitment tosupporting the long-term growth of Angolan output and the quality of its teams.We would like to thank the Angolan government, Sonangol, the Block 17 partnersand the contractors, all of whom share the credit for the project." With proved and probable reserves estimated at close to 1 billion barrels, Daliarepresented a total investment of more than $4 billion. The field comprises 71wells - 31 for water injection, three for gas injection and 37 producers tiedinto nine manifolds. The oil is pumped to a 300-metres-long, 60-metres-widefloating production storage and offloading (FPSO) vessel that can process240,000 barrels per day of oil and has a storage capacity of 2 million barrels. Located 135 kilometres offshore in water depths ranging from 1,200 to 1,500metres, Block 17 is Total's main asset in Angola. It comprises four major areas:Girassol and Dalia, both in production; Pazflor, which is in the final biddingprocess before sanction; and CLOV, a fourth major production area based on theCravo, Lirio, Violeta and Orquidea discoveries, whose development is currentlybeing studied. Future production from these fields will come in addition to the500,000 barrels per day that will be pumped by summer 2007. Sonangol is the Block 17 concessionaire. Total E&P Angola, operator, has a 40%interest in Block 17, alongside partners Esso Exploration Angola (Block 17)Limited (20%), BP Exploration (Angola) Ltd, (16.67%), Statoil Angola Block 17 AS(13.33%) and Norsk Hydro Dezassete a.s. (10%). 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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