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Total Reports Gabon Offshore Gas Discovery
Logo of French oil giant Total is seen on a tanker in Bassens, near bordeaux October 14, 2010. PHOTO By Reuters/Regis Duvignau
19/08/2013
GENEVA (Reuters) - French oil major Total has discovered gas condensate in deep waters off the coast of Gabon, its local branch said in a statement on Monday.
The discovery, made in a layer of the ocean bed referred to as pre-salt, could galvanise interest in the central African country's hydrocarbon sector where production has been declining.
"Situated at more than 100 kilometres from the Gabonese coast, this exploration work revealed an accumulation of gas condensate," the Total Gabon statement said.
It did not comment on the scale of the find, adding that it was still analysing the data.
Marathon Oil Corp and Cobalt International Energy are also partners in the Diaba licence where the gas was found. Gabon's government owns a 15 percent stake.
Gabon, which produces around 240,000 barrels per day of oil, is planning a licensing round for offshore oil and gas blocks later this year, according to a document sent to the World Trade Organization.
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