Total Announces Third Significant Discovery in Block 58 Offshore Suriname
30 Juillet 2020 - 8:55AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Apache Corporation
have made a significant third discovery with the Kwaskwasi-1 well,
in Block 58 off the coast of Suriname. This follows previous
discoveries at Maka Central in January and Sapakara West in
April.
The well was drilled by a water depth of about 1.000 meters and
encountered a total of 278 meters net pay of hydrocarbons, which
comprises 149 meters net in good quality Campano-Maastrichtian
(composed of 63 meters of high quality oil and 86 meters of
volatile oil & gas condensates reservoirs), along with 129
meters of net hydrocarbon pay in Santonian reservoirs, where
further wireline logging is ongoing to confirm the quality of the
fluids.
“We are very pleased to announce a third discovery in a row,
following the two oil discoveries at Maka Central and Sapakara West
this year,” said Kevin McLachlan, Senior Vice President
Exploration at Total. “This very encouraging results confirm
our exploration strategy in this prolific zone, which targets large
volumes of resources at low development costs.”
The Kwaskwasi-1 exploration well was drilled by Apache, as
operator with 50% working interest, and with Total as the JV
partner with 50% working interest. The next and fourth exploration
well will be drilled back to back on the Keskesi prospect. Total
will take over as operator of the Block after the drilling of the
fourth well
In early 2021, an appraisal campaign will be carried out to
better characterize the 2020 discoveries, along with an additional
exploration campaign.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms “Total”, “Total Group” and Group are
sometimes used for convenience. Likewise, the words “we”, “us” and
“our” may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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