Total claims new oil discovery in Angola
26 Oct 2009
Total today said that its subsidiary, TEPA (Block 17/06) Limited, and Sociedade Nacional de Combustveis de Angola (Sonangol E P), have discovered oil on Block 17/06, in the deep waters of the Angolan offshore.
Gardenia-1 is the first well and the first discovery made on Block 17/06. It was drilled in a water depth of 977 meters. The well discovered hydrocarbon reservoirs, both in the Miocene and the Oligocene. On the Miocene interval, the well produced 4,000 barrels per day (b/d) of 25 API° oil during tests.
This first discovery of Gardenia-1 confirms the potential of the north-western part of Block 17/06. Further drilling on the block will start on the fourth quarter 2009.
Sonangol E.P. is the concessionary of Block 17/06. TEPA (Block 17/06) Limited is the operator with a 30-per cent stake.
The other partners on Block 17/06 are Sonangol Pesquisa e Produço, S.A. (30 per cent), SSI Seventeen Limited (27.5 per cent), ACREP Bloco 17 S.A. (5 per cent), Falcon Oil Holding Angola, S.A. (5 per cent) and PARTEX Oil and Gas (Holdings) Corporation (2.5 per cent).
Total has been present in Angola since 1953. In Angola, Total operated 530,000 barrels oil equivalent per day (boe/d) in 2008, and its SEC* equity production amounted approximately 205,000 boe/d in 2008. This production comes essentially from Blocks 17, 0 and 14.
