REG-TOTAL South Africa: Total Makes Second Significant Gas Condensate Discovery

TotalEnergies SEAnnouncement

28/10/2020 07:30

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South Africa: Total Makes Second Significant Gas Condensate Discovery

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has made a significant gas condensate
discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua
Basin, 175 kilometers off the southern coast of South Africa. This discovery
follows the adjacent play opening Brulpadda discovery in 2019, which proved a
significant new petroleum province in the region.

The Luiperd well was drilled to a total depth of about 3,400 meters and
encountered 73 meters of net gas condensate pay in well-developed good quality
Lower Cretaceous reservoirs. Following a comprehensive coring and logging
program the well will be tested to assess the dynamic reservoir
characteristics and deliverability.

“We are very pleased with this second discovery and its very encouraging
results, which prove the world-class nature of this offshore gas play,” said
Arnaud Breuillac, President Exploration & Production at Total. ‘’With
this discovery and the successful seismic acquisitions, Total and its partners
have acquired important data on the Paddavissie fairway, which will help to
progress development studies and engage with South African authorities
regarding the possible conditions of the gas commercialization.”

The Block 11B/12B covers an area of 19,000 square kilometers, with water
depths ranging from 200 to 1,800 meters. It is operated by Total with a 45%
working interest, alongside Qatar Petroleum (25%), CNR international (20%) and
Main Street, a South African consortium (10%).

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, 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.

Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



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