South Africa: Total Makes Second Significant Gas Condensate Discovery
October 28 2020 - 4:00AM
Dow Jones News
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.
* * * * *
Cautionary Note
This press release, from which no legal 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201028005467/en/
CONTACT: Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
October 28, 2020 03:45 ET (07:45 GMT)
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