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Total Made A “Significant” Gas Condensate Discovery With A Well-Explored Frontier In The Brulpadda Prospect, South Africa, Which Is Set To Open A New Offshore Market.
Total Discovered In The Brulpadda-1AX Asset, A Liquid Gas Condensate In Lower Cretaceous Reservoirs After Being Drilled By The Deepsea Stavanger Semi-Submersible In Block 11B / 12B In The Outeniqua Basin, 175 Kilometers Off The Country’s Southern Coast, Total Reported In A Statement. It Stated That The Well Also Succeeded In A Deeper Perspective Later At Final Depths Of 3633 Meters By The Odfjell Drilling Rig, Having Reached Its Main Objective.
“With This Discovery, Total Has Opened A New World-Class Gas And Oil Play And Is Well Positioned To Test Several Continuing Perspectives In The Same Block”, Said Total’s Senior Vice President Of Exploration, Kevin McLachlan.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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The High-Profile Rig Drilled In Challenging Meticulous Conditions With High Waves And Currents At A Depth Of 1432 Meters, Opening The So-Called Paddavissie Piece.
On At The End Of December, It Reentered A Well That Had Been Active There In 2014, Which Had To Be Abandoned Due To Environmental Challenges, Targeting Gross Prospective Resources Of Over 500 Million Barrels Of Oil.
Although The Prospect Was Expected To Be Oil, Any Gas Discovered Could Be Supplied To The PetroSA Mossel Bay Gas-To-Liquids Plant, Which Is Running Low On Feedstock As Nearby Offshore Gas Fields Are Depleting.
This Could Be A Game-Changing Discovery For The Country, Which Heavily Relies On Coal To Help Meet Its Energy Demand And Is Considering New Gas Imports.
The French Operator And Its Partners Are Now Planning Four More Exploration Wells In The Same Block, Following A Planned 3D Seismic Acquisition At The End Of This Year.
Brulpadda Is One Of Five Aptian-Albian Fan Prospects With Direct Hydrocarbon Indicators, The Others Being Platanna, Woudboom, Luiperd, And Blaasop.
Total Holds A 45% Stake In The 19,000 Square Kilometer Block, With Partners Qatar Petroleum (25%), Canadian Natural Resources (20%) And South African Consortium Main Street (10%).
Total, Which Has Been Active In South Africa Since 1954, Also Has An Operational Stake In The South Outeniqua Block Located In The Same Basin.
Meanwhile, The Company Reported A 10% Increase In Net Income In The Fourth Quarter, To US $ 3.2 Billion, Compared To US $ 2.9 Billion The Previous Year, While The Annual Figure Rose 28%, To US $ 13.6 Billion.
The Company Benefited From Higher Average Oil Prices Of US $ 71 Per Barrel Last Year And An 8% Increase In Annual Hydrocarbon Production, Reaching A Record 2.8 Million Barrels Of Oil Equivalent Per Day, In Addition To Continued Financial Discipline Following Additional Cuts Of US $ 4.2 Billion, CEO Patrick Pouyanne.
Total Saw The Start Of Several Major Projects Last Year, Including Ichthys Off Australia, Yamal LNG In Russia, And The Deepwater Kaombo North Off Angola And Engina Off Nigeria.
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