Suriname: Total Announces a Second Discovery in Block 58
02 April 2020 - 5:00PM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Apache Corporation
have made a second significant discovery with the Sapakara West-1
well on Block 58 offshore Suriname. It follows the previous
discovery at Maka Central-1.
The well was drilled by a water depth of about 1,000 meters and
encountered 79 meters net pay of high-quality light oil and gas
condensate, in multiple stacked and good quality reservoirs in
Upper Cretaceous Campanian and Santonian formations. Further
testing will be carried out to appraise the resources and
productivity of the reservoir.
“We are very pleased to announce this second discovery,
following from the discovery of oil at Maka Central-1. The results
are once again very encouraging and confirm our exploration
strategy in this region,” said Kevin McLachlan, Senior Vice
President Exploration at Total.
The Sapakara West-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 exploration well will be
drilled on the Kwaskwasi prospect, with a fourth exploration well
to be planned back-to-back on the Keskesi prospect. Total will
become operator of the Block after the drilling of the 4th
well.
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.
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