Total Announces Fifth Oil Discovery in the Angolan Ultra-Deepwater Block 32

Tuesday, February 14, 2006

Sociedade Nacional de Combustíveis de Angola (Sonangol) and Total’s wholly owned subsidiary Total E&P Angola announce a new oil discovery with the fifth exploration well drilled on Block 32 in the offshore ultra-deepwaters of Angola.

Drilled in a water depth of 1,758 meters, the Mostarda-1 well tested at a rate of 5,347 barrels per day of oil at 30° API density, from one of the reservoir intervals encountered. The discovery is located in the eastern part of Block 32, approximately 14 kilometres south of Canela-1, and 15 kilometres southeast of Gengibre-1, other discoveries on the same block announced in 2004 and 2005 respectively.

Complementary technical studies are underway to evaluate the potential of the Mostarda-1 discovery and its joint development with the other Block 32 discoveries.

Sonangol is the concessionaire of Block 32. Total is operator (30%) with partners Marathon Oil Company (30%), Sonangol E.P. (20%), Esso Exploration and Production Angola (Overseas) Limited (15%) and Petrogal (5%).


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