UK: Total Makes a New Gas and Condensates Discovery in the North Sea
2020年3月17日 - 5:07PM
Dow Jones News
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), Operator, and its
partners have made an encouraging discovery with the Isabella
30/12d-11 well on the license P1820, located in the Central North
Sea offshore U.K., about 40 kilometers south of the Elgin-Franklin
Field and 170 kilometers east of Aberdeen.
The well was drilled in a water depth of about 80 meters and
encountered 64 meters net pay of lean gas and condensate and
high-quality light oil, in Upper Jurassic and Triassic sandstone
reservoirs. The analysis of the data and results are ongoing to
assess the discovered resources and to determine the appraisal
program required to confirm commerciality.
"The initial results at Isabella are encouraging. This
demonstrates that our exploration strategy in the North Sea to
explore for value adding prospects nearby to our infrastructure is
working." commented Kevin McLachlan, Senior Vice President
Exploration at Total.
The P1820 license is operated by Total with a 30% working
interest, alongside Neptune Energy (50%), Ithaca Energy (10%) and
the wholly owned subsidiary of Edison, Euroil Exploration
(10%).
Total in the United Kingdom
Total is present across the energy value chain in the UK. It has
been present in the country for over 50 years and employs over
2,000 people.
Upstream, Total is one of the country's leading oil and gas
operators, with equity production of 189,000 boe/d in 2019. It
principally comes from operated offshore fields in three major
zones: the Alwyn/Dunbar area in the Northern North Sea, the
Elgin/Franklin and Culzean area in the Central North Sea, and the
Laggan-Tormore area in the West of Shetland.
Downstream, Total is one of the UK's largest suppliers of gas
and electricity to businesses and the public sector. The Group is
also present in refining through the Lindsey Oil Refinery in
Lincolnshire, with a capacity of 110,000 barrels per day, and in
the marketing of petroleum products including lubricants, aviation
fuel, bitumen and specialty fluids.
About Total
Total is a major energy player 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 S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. 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 S.A. 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200317005236/en/
CONTACT: Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: Total
Copyright Business Wire 2020
(END) Dow Jones Newswires
March 17, 2020 03:52 ET (07:52 GMT)
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