Total Announces New Oil Discovery in Deep Water Block 14, Angola

Source: www.gulfoilandgas.com 8/10/2007, Location: Africa

Total has made a new oil discovery in deep water Block 14, within the Lower Congo Basin, offshore Angola. The discovery well, Malange-1, was drilled in 266 metres of water to a total vertical depth of 4,743 metres and encountered around 65 metres of reservoir full of oil. The well was tested and flowed high-quality crude at a rate of 7,669 barrels of oil per day. Malange-1 is the 11th exploration discovery made in Block 14 since 1997.

The discovery will be followed by further drilling in addition to geologic and engineering studies to appraise the field.

Total holds a 20% interest in Block 14 alongside Cabinda Gulf Oil Company Limited (operator, 31%), Sonangol P&P (20%), Eni (20%) and Galp (9%). Sonangol, Sociedade Nacional de Combust?vies de Angola, is the concessionaire of the block.


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