TTA: TOTAL: Total Announces the Mirawa Discovery in the Kurdistan Region of
UK Regulatory Announcement
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT)
Located 60kilometers from the city of Erbil, the Mirawa-1 discovery well on
the Harir Block was drilled to a depth of 4,260meters and encountered
significant oil and natural gas columns, with gross intervals of 300 meters of
oil shows in the Jurassic and 800 meters of gas shows in the Triassic.
Mirawa-1 encountered light oil of 39-45° API in two Jurassic carbonate
reservoirs that were successfully tested. Three drill-stem tests were
conducted, with flow rates between 3,200 and 3,900 barrels per day. Three
other formation tests confirmed the presence of gas and condensate reservoirs
in the Triassic. Choked drill-stem tests flowed at approximately 20-30million
cubic feet per day and one of the formations also flowed at 1,700 barrels per
day of condensate.
The Mirawa-1 discovery illustrates Total’s bold strategy of exploring
high-risk, high-reward prospects, especially in foothills areas. "The
discovery is very encouraging and demonstrates that our strategy to grow in
this very prospective region is on the right track" commented Arnaud
Breuillac, Senior Vice President, Middle East, Total Exploration & Production.
Total has a 35% working interest in the Harir Block, with Marathon Oil (45%,
operator) and the Kurdistan Regional Government (20%).
Total in Iraq
Total has an 18.75% interest in the Halfaya field in Missan province, which
came on stream in June 2012 with a capacity of 100,000 barrels per day.
Further phasesare expected to raise output to 200,000 barrels per day in the
second half of 2014, and a plateau production of 535,000 barrels per day in
In addition to its interests in the Harir Block, Total also has interests in
three other exploration blocks in the Kurdistan Region of Iraq.
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Total is one of the largest integrated oil and gas companies in the world,
with activities in more than 130countries. The Group is also a first rank
player in chemicals. Its 97,000employees put their expertise to work in every
part of the industry – exploration and production of oil and natural gas,
refining and marketing, new energies, trading, and chemicals. Total is working
to help satisfy the global demand for energy, both today and tomorrow.
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