Total Makes Significant Oil Discovery

  • 0

Total, a French oil and gas giant says it has made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin, offshore SA. The company Total said the Brulpadda well encountered 57m of net gas condensate pay in lower cretaceous reservoirs. The well was deepened to a final depth of 3,633m and has also been successful.

“With this discovery, Total has opened a new world-class gas and oil play and is well positioned to test several follow-on prospects on the same block,” Total’s senior vice-president for exploration Kevin McLachlan said in a statement.

Brulpadda is one of several highly anticipated exploration prospects for the year. Total says the field could hold between 500-million to more than 1-billion barrels of oil equivalent. Following the success of Brulpadda and confirmation of its potential, Total and its partners plan to acquire 3D seismic this year, followed by up to four exploration wells on the licence, the company said.

Total has a 45% working interest and is the operator of the Block 11B/12B that  covers an area of 19,000km2. Other partners include Qatar Petroleum with a 25% stake; CNR International holds 20%; and Main Street, an SA consortium, 10%.

 

Source: www.businesslive.co.za

Algerian Elections: Candidates Surge Up in Numbers
Prev Post Algerian Elections: Candidates Surge Up in Numbers
Rand, the World’s Best Performing Currency
Next Post Rand, the World’s Best Performing Currency