South Africa: Total Makes Second Significant Gas Condensate Discovery
October 28 2020 - 3:30AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has made a
significant gas condensate discovery on the Luiperd prospect,
located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off
the southern coast of South Africa. This discovery follows the
adjacent play opening Brulpadda discovery in 2019, which proved a
significant new petroleum province in the region.
The Luiperd well was drilled to a total depth of about 3,400
meters and encountered 73 meters of net gas condensate pay in
well-developed good quality Lower Cretaceous reservoirs. Following
a comprehensive coring and logging program the well will be tested
to assess the dynamic reservoir characteristics and
deliverability.
“We are very pleased with this second discovery and its very
encouraging results, which prove the world-class nature of this
offshore gas play,” said Arnaud Breuillac, President Exploration
& Production at Total. ‘’With this discovery and the
successful seismic acquisitions, Total and its partners have
acquired important data on the Paddavissie fairway, which will help
to progress development studies and engage with South African
authorities regarding the possible conditions of the gas
commercialization.”
The Block 11B/12B covers an area of 19,000 square kilometers,
with water depths ranging from 200 to 1,800 meters. It is operated
by Total with a 45% working interest, alongside Qatar Petroleum
(25%), CNR international (20%) and Main Street, a South African
consortium (10%).
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
* * * * *
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consequences may be drawn, is for information purposes only. The
entities in which TOTAL SE directly or indirectly owns investments
are separate legal entities. TOTAL SE has no liability for their
acts or omissions. In this document, the terms “Total”, “Total
Group” and Group are sometimes used for convenience. Likewise, the
words “we”, “us” and “our” may also be used to refer to
subsidiaries in general or to those who work for them. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TOTAL SE nor any of its subsidiaries assumes
any obligation to update publicly any forward-looking information
or statement, objectives or trends contained in this document
whether as a result of new information, future events or
otherwise.
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