Total to explore offshore SA in 2014

Supermajor oil company Total will drill an exploration well off the coast of South Africa in 2014 in a new phase of exploration also targeting Kenya and the Ivory Coast, the Reuters news agency reported on Wednesday.

The French multinational integrated oil and gas company recently acquired a 50 percent interest in Block 11B/12B from CNR International, a field situated in the Outeniqua Basin, about 175 km off the southern coast of South Africa.

The report, which cited Total's general secretary for Africa Abiodun Afolab, said the firm would drill its first exploration well at the field next year.

"Total becomes the operator of the block which covers an area of about 19,000 sq km and where we will drill next year our first exploration well," Afolabi reportedly told an oil and gas conference in Cape Town.

Afolabi reportedly added that South African authorities had also granted permission to convert a technical cooperation permit on another block, Outeniqua South, where the company hopes to shoot 7,000 km of 2D seismic data.

Total is aiming for a production target of three million barrels of oil a day by 2017.

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