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Monday, September 12, 2011

Total: Absheron Discovery

Total strikes major gas discovery in the Caspian Sea



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.

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