Total Reinforces its Oil Exploration Plans in Guinea
October 13, 2017
Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 square kilometers.
“By taking this position on a new under-explored area, Total pursues its exploration strategy targeting deep offshore prospective basins,” declares Kevin McLachlan, Total Senior Vice President Exploration for Exploration and Production.
“Therefore, Total has the opportunity to evaluate a very large area, located in an extension of the prolific Mauritania and Senegal basin where we already are. This will allow us to capitalize on our know-how and experience acquired in West Africa.”
According to the terms of this agreement, Total will have a year to assess the potential of the basin on the basis of existing data. At the end of this period, the Group will select three licenses to start an exploration program. As part of the agreement, Total will also train ONAP staff to develop their technical skills in exploration and production.