Total strikes major gas discovery in the Caspian Sea
September 9, 2011
Source: Total
Total (NYSE:TOT) announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan.
The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quality sands on the northern flank of a major 270 square kilometres structure. Reservoirs are expected to extend over the entire northern part of the structure.
The well’s first results confirm a potential of several trillion cubic feet of gas and associated condensates.
No comments:
Post a Comment