Total to explore Diaba license off Gabon

Dec 13, 2006 01:00 AM

Total has signed an exploration and production-sharing contract covering the 9,075 sq km Diaba license in 100-2,500 m of water about 50 km off Gabon.
Total intends to carry out a three-phase exploration program. The two first phases, lasting 3 1/2 years each, involves acquiring 2,000 km of 2D seismic in the first phase and 700 sq km of 3D seismic in the second.

The third phase, lasting 3 years, includes an obligation well.
Interest holders in the license are Total Gabon 85 % and the Gabonese Republic with a direct interest of 15 %.

Source: OGJ
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