Total makes gas discovery, secures licenses in the North Sea

Total has announced a positive appraisal of the Laggan gas field on the Atlantic margin in the UK North Sea.

Total has announced a positive appraisal of the Laggan gas field on the Atlantic margin in the UK North Sea.

Total drilled two appraisal well in water depths of 600 m, 120 km west of the Shetland Islands. Well 2006/4AZ tested at 37.8 MMcf/d of gas. Test data are being analyzed and will be integrated into studies that will determine the final decision for Laggan development.

Total operates Laggan with 50% interest. Partners are Dong Norge A/S, Eni UKCS Ltd., and Texaco Britain Ltd.

Total has also expanded its holdings in the North Sea with the award of three new licenses. The company picked up the three 'Frontier' licenses, a group of permits adjacent to Laggan comprising blocks 214/23, 24, 28, 29, 205/5, and 214/25, in the 22nd Offshore Licensing round.

The 'Frontier' license is a new designation that permits companies to apply for relatively large amounts of acreage and then relinquish three quarters of the acreage after an initial screening phase, during which the normal rental fees are discounted by 90%. The exploration and development periods are extended by two years over and above those stipulated for the traditional license. The 'Frontier' license is solely for West of Shetlands acreage.

9/16/04

More in Regional Reports