Total to explore Diaba license off Gabon

Dec. 13, 2006
Total SA 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.

By OGJ editors
HOUSTON, Dec. 13 -- Total SA 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 3½ 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%.