All posts tagged total


TOTAL Flows 4,330BPD of Condensate in South African Discovery

By Toyin Akinosho

French explorer TOTAL, has finalised a drill stem test on the Luiperd-1X well, its second major discovery on Block 11B/12B offshore South Africa.

The well was opened to flow on November 1, 2020.

After several tests at different choke settings, the well reached a maximum constrained flowrate through a 58/64″ choke of 33Million standard cubic feet per day of natural gas (MMscf/d) and 4,320 barrels of condensate per day (BCPD), an aggregate of approximately 9,820 barrels of oil equivalent per day (BOEPD), according to a report by Africa Energy, a junior partner on the asset.

”The choke configuration could not be increased due to surface equipment limitations”, Africa Energy explains. “The absolute open flow (AOF) potential of the well is expected to be significantly higher than the restricted test rates”.

TOTAL itself had reported the Luiperd-1X discovery last October, stating that the probe intersected 85 metres gross sands of which 73 metres is net good quality pay in the main target interval and thicker than prognosed.

The well reached total depth of approximately 3,400 meters on October 12, 2020, at which point the drill stem testing programme was initiated.

Africa Energy commented: “We are very pleased with the positive test results that show high condensate yield and excellent reservoir connectivity. These results confirm the joint venture’s decision to proceed with development studies and to engage with authorities about commercialization.”

Block 11B/12B is located in the Outeniqua Basin 175 kilometres off the southern coast of South Africa. The block covers an area of approximately 19,000 square kilometers with water depths ranging from 200 to 1,800 metres. The Paddavissie Fairway in the southwest corner of the block now includes both the Brulpadda and Luiperd discoveries, confirming the prolific petroleum system. The original five submarine fan prospects in the fairway all have direct hydrocarbon indicators as recorded on both 2D and 3D seismic data and intersected in the wells, significantly de-risking future exploration.

Africa Energy holds 49% of the shares in Main Street 1549 Proprietary Limited, which has a 10% participating interest in Block 11B/12B. Total E&P South Africa B.V. is operator and has a 45% participating interest in Block 11B/12B.

Africa Energy says it believes Luiperd and Brulpadda can potentially support a significant commercial development.”

 


TOTAL in A Second Big Discovery in South Africa

With the second major discovery in less than two years, South Africa is shaping to become a major gas/condensate heartland for the French major TOTAL.

The company has announced that its drilling of the Luiperd prospect, which follows up the play opening 2019Brulpadda discovery, has yielded another “significant gas condensate discovery” on the Block 11B/12B in the Outeniqua Basin, 175 kilometers off the country’s southern coast.

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 kilometres, with water depths ranging from 200 to 1,800 metres. It is operated by TOTALwith a 45% working interest, alongside Qatar Petroleum (25%), CNR international (20%) and Main Street, a South African consortium (10%).

 


OPEC+Cut: Nigeria Orders Egina Field Output Reduced by 40%

French Major TOTAL produced 131,000Barels of Oil Per Day (BOPD) from Egina for the entire month of May, a figure that is 33% less than the April 2020 production, which averaged 201,000BOPD.

The May 2020 volume was decreed by the Crude Oil Marketing Division (COMD) of the NNPC, the Nigerian state hydrocarbon company, “as part of Nigeria’s commitment to comply with agreement reached by OPEC+ members to cut production”.

The decreed output for June is even smaller: TOTAL is expected to produce 122,000BOPD in Egina.

This 40% reduction means that Egina, a brand new field, is bearing much of the burden of Nigeria’s share of OPEC+’s pledged cuts in output.

The production of TOTAL’s other operated deepwater field, the Akpo structure, has been kept intact, at around 100,000BCPD, because it is a condensate tank.

Production in some of the country’s other deepwater fields are considered so low they don’t even meet curtailment threshold.

Nigeria pledged to produce 1.579MMBOPD in June in the OPEC agreement. “This is in addition to condensate production of between 360-460 KBOPD of which are exempted from OPEC curtailment”, Timipre Sylva, the country’s Minister of State for Petroleum, said in early April 2020.

That’s about 200,000BOPD cut, of which Egina is “contributing” 40%..

 

 


Why TOTAL’s Sale To Sinopec Is Surprising

There are five clear reasons why many were surprised by TOTAL’s announcement, on Monday November 18, 2012, that it sold its 20 percent stake in Nigeria’s Oil Mining Lease (OML) 138, to China Petrochemical Corp(Sinopec), as part of an asset-disposal programme.

  • How could the French major choose a $2.5Billion cheque over continued, profitable operation of a producing deepwater asset, gushing 140,000Barrels of Crude Oil a day, and primed to reach 180,000BOPD in a matter of months?
  • The OML 138 has considerable upside potential, at least at a first glance. To the east of Usan, the licence’s only producing field, is the undeveloped Ukot play, whose discovery well –Ukot-1-flowed at a rate of 13,900BOPD, on testing, in 1998. Usan’s appraisal had also led to the “discovery” of Usan West field which, with Ukot, is on standby, for near term development.

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