Total announced that its Nigerian subsidiary, Total E&P Nigeria Ltd. (TEPNG), has encountered hydrocarbons in the area within the southeastern corner of Oil Mining License (OML) 102, offshore southeastern Nigeria, about 15 kilometers from the Ofon Field, in a water depth of seventy meters.
Total E&P Nigeria
Total has been operating in Nigeria for more than 50 years. Developing the country's deep offshore resources is one of the Group's main growth drivers in Africa, with, in particular the deep offshore Akpo field in OML 130, which it operates. Akpo is scheduled to come on stream early 2009. Development studies for the Egina oilfield, also located in OML 130, are under way. Additionally the development of the offshore Usan field was launched early 2008 and should come on stream in 2011.
Total's offshore operated production in Nigeria currently comes from the OML 99, 100 and 102 blocks as part of a joint venture with NNPC. The main fields are Amenam-Kpono, Ofon and Odudu area fields.
The Group's onshore production comes from the OML 58 block, also operated by Total as part of a joint venture with NNPC. The main fields here are Obagi, for oil, and Ibewa, for gas. A project to increase the production capacity of oil, gas and condensates on this block has recently been launched.
In addition, Total has significant equity production in Nigeria from its interests in non-operated ventures, particularly the SPDC JV (10%) and SNEPCO (12.5%), which includes the Bonga field. Total also holds a 15% interest in NLNG, where annual LNG production capacity has risen to 21.9 million metric tons since Train 6 was brought on stream end 2007.
Total has committed itself to a local content policy on the Usan and OML 58 projects, where respectively 60% and 90% of the man hours planned will be performed in Nigeria. The Group continues to develop the expertise of Nigerian companies in deep offshore project-related work. This is particularly the case in the Niger Delta region, from which more than half of Total's Nigerian employees come and where the majority of the Group's operations in the country are located.
Total is one of the main oil majors in Africa and produces oil or gas in Algeria, Libya, Nigeria, Angola, the Republic of Congo, Gabon and Cameroon.
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