Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

TOTAL (FP)

4207
Real-time Quote. Real-time Tradegate - 07/02 08:32:47 am
44.288 EUR   +0.91%
07/01DJUganda Selects 17 Oil Companies for Second Bidding Round
07/01 TOTAL : First Competition with the ARGOS Challenge Robots
07/01 TOTAL : First Competition Involving the Five Teams
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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
07/01 AMYRIS : Announces Total's Decision to Proceed With Jet Fuel Joint Venture and P..
07/01DJUganda Selects 17 Oil Companies for Second Bidding Round
07/01 TOTAL : First Competition with the ARGOS Challenge Robots
07/01 TOTAL : First Competition Involving the Five Teams
07/01 TOTAL : Take some time out to reconnect with mind, body and soul
07/01 TOTAL : 75% of SunPower’s Solar Panels Carry Cradle to Cradle TM Certifica..
06/30 SUNPOWER : Entry into a Material Definitive Agreement, Termination of a Material..
06/30 FIRST SOLAR : Entry into a Material Definitive Agreement, Other Events (form 8-K..
06/30 TOTAL : 8POINT3 ENERGY PARTNERS LP : Entry into a Material Definitive Agreement,..
06/30DJAMYRIS : Total to Restructure Joint Venture
Advertisement
Chart
Duration : Period :
Total Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials