Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  TOTAL    FP   FR0000120271

TOTAL (FP)

3902
Real-time Quote. Real-time Tradegate - 11/25 04:01:42 pm
47.573 EUR   -1.81%
22m ago Samsung Group sells shares in chemical, defence arms for $1.7 billion
3h agoDJCEOS' TEST : Contending With Activist Investors -2-
3h agoDJCEOS' TEST : Contending With Activist Investors
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Total To Abandon Nigerian Well After Stopping Gas Leak

05/18/2012 | 05:23pm US/Eastern

Total SA (TOT) will permanently abandon a well in Nigeria's Niger Delta after stopping a natural gas leak earlier this week, a company spokesman said Friday.

"Total E&P Nigeria Ltd. announced (Friday) that following the successful 'snubbing' operation on the Ibewa 16 well, cement seals are in place and permanent abandonment of the well is progressing as planned," the spokesman, Fred Ohwahwa, said in a statement.

As a result, the company has informed authorities that two planned relief wells were no longer necessary and will not be drilled, Ohwahwa said.

He said Total was working towards restarting the Obite gas treatment plant, which was shut down after the leak's discovery.

The leak began March 20 during the drilling of a new well in southern River state. Total said it was alerted to the leak on April 3 and shut down the Obite gas plant while a safety perimeter was being enforced around the leak at the Ibeto 16 well.

Ohwahwa said the snubbing operation that started on May 9 to stop the gas leak consisted of introducing small pipes to pump heavy fluids into the well in orderto halt gas flow, and setting cement plugs to isolate the reservoir. The company said it successfully stopped the gas leak on Sunday.

The spokesman said all environmental monitoring activities, including air and water quality analysis, will continue. Total will continue to provide regular updates to neighboring communities, local and federal authorities, regulators and other stakeholders, he added.

Nigeria, a major oil producer, has large gas reserves but little of the gas is used for commercial purposes. Most of it is flared daily in the Niger Delta.

-By Obafemi Oredein, contributing to Dow Jones Newswires; (212) 416 2800; copydesk@dowjones.com

React to this article
Latest news on TOTAL
22m ago Samsung Group sells shares in chemical, defence arms for $1.7 billion
3h agoDJCEOS' TEST : Contending With Activist Investors -2-
3h agoDJCEOS' TEST : Contending With Activist Investors
4h agoDJInsurers' Listings of In-Network Doctors Often Out of Date--Update
4h agoDJBritish Insurer Aviva to Shutter U.S. Hedge-Fund Arm -- 2nd Update
4h agoDJJustice Department Investigating Possible HSBC Leak to Hedge Fund
4h agoDJSantos Mulls European Debt Issue as GLNG Startup Approaches
4h agoDJVW Drives for Gains in Southern China
5h agoDJU.S. Household Debt Ticks Up to $11.7 Trillion--Update
5h agoDJIn Kansas City, It's the Rise of the Underground
Advertisement
Chart
Duration : Period :
TOTAL Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF