Total will drill an exploration well offshore South Africa in 2014 according to its general secretary for Africa, Abiodun Afolabi. The company acquired a 50% stake in the 19,000 sq km Block 11B/12B from CNR in September of this year. The block is located in the Outeniqua Basin off the southern coast of South Africa.
“Total becomes the operator of the block…where we will drill next year our first exploration well,” Afolabi said while speaking at Global Pacific & Partners’ 20th African Oil Week being held in Cape Town.
Afolabi said that South African authorities had also granted permission to convert a technical cooperation permit on another block, Outeniqua South, where the company anticipates shooting 7,000 km of 2D seismic data.
The French firm is targeting three million barrels of oil a day by 2017, with deep-water production in Africa being one of its key drivers. “We expect to see an increasing proportion of the operated production in Africa coming from the deep offshore, (which) has risen steadily from 34% in 2006 to 72% in 2012,” Afolabi said.
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