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Total Announces Hydrocarbon Discovery on OPL 223

Source: www.gulfoilandgas.com 12/16/2009, Location: Africa

Total announces that its subsidiary, Total Exploration & Production Nigeria Ltd, has discovered hydrocarbons in the southern portion of the Oil Prospecting License (OPL) 223 deepwater offshore South-Eastern Nigeria.

The Owowo South B-1 well was drilled in a water depth of 670 metres and is located 20 kilometres East of the Usan field, currently under development. The well reached a total measured depth of 2,227 metres and discovered several oil bearing reservoirs with a fluid qualified as light oil according to shows during drilling and from logging data.

Under the production sharing contract governing the OPL 223, Nigerian National Petroleum Corporation (NNPC) is concessionaire of the license, which in turn is operated by Total Exploration & Production Nigeria Ltd (18%) in partnership with its co-venturers: Chevron Nigeria Deepwater F Ltd (27%), Esso Exploration and Production Nigeria (Upstream) Ltd (27%), Nexen Petroleum Exploration & Production Nigeria Ltd (18%) and Nigerian Petroleum Development Company (NPDC) Ltd (10%).

Total’s commitment to local communities
Total is committed to promoting the development of local communities through its activities and has actively encouraged its contractors to use Nigerian resources wherever possible, over and above local regulations.

The Akpo project, with production started in 2009, in which Total displayed its expertise to ensure sustainable development of the country’s energy resources in the deep offshore, has generated more than 11 million man-hours in Nigeria and will generate up to an overall total of 15 million man-hours in Nigeria by the time it is complete.

The Usan project will follow suit with approximately 60% of man-hours planned in Nigeria. The basic engineering studies for the Egina field on Oil Mining Lease (OML) 130, will be performed in Nigeria. The Group will continue to develop the expertise of Nigerian companies in deep offshore project-related work. This is particularly the case in the Niger Delta region, from which more than half of Total's Nigerian employees originate and where the majority of the Group's operations in the country are located.

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