Total Reports Additional Oil Discovery on Block 32, in the Angolan Ultra Deep Offshore

Tuesday, August 07, 2007

Sociedade Nacional de Combustíveis de Angola (Sonangol) and Total E&P Angola, a wholly owned subsidiary of Total, announce a new oil discovery with the eleventh exploration well on Block 32 in the ultra deep waters of the Angolan offshore.

Drilled in a water depth of 1700 metres, the Colorau-1 well encountered Upper Oligocene oil bearing reservoirs. The well was tested at a rate of 2,130 barrels of oil per day through a 32/64” choke. This discovery is located in the north-eastern part of Block 32, approximately 16 kilometres north east of Manjericão.

Complementary technical studies are being carried out to fully evaluate these promising drilling results, and further exploration drilling is underway and planned across the block.

Sonangol is the concessionaire of Block 32. Total holds a 30% interest as Operator. Other partners in Block 32 are Marathon Oil Company (30%), Sonangol E.P. (20%), Esso Exploration and Production Angola (Overseas) Limited (15%) and Petrogal (5%).




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