Project Profile

Value: Undisclosed
Location: Outeniqua Basin, around 175 kilometres off the southern coast of South Africa
Area: 19,000 square kilometres
Water Depth: 200 to 1,800 metres
Start-up Year: -

Total has received approval from the South African authorities and has completed the acquisition of a 50% interest in Block 11B/12B, from CNR International (South Africa) Ltd., a wholly owned subsidiary of Canadian Natural Resources Limited. The asset is located in the Outeniqua Basin, around 175 kilometres off the southern coast of the country and covers an area of 19,000 square kilometres with water depths ranging from 200 to 1,800 metres. Total also becomes Operator of Block 11B/12B and will drill an exploration well on the Block in 2014.

Operators:

Total: Operator with 50% interest

CNR International Ltd.: 50% interest

Contractors:

Odfjell: Contracte for the use of the Deepsea Stavanger semi-submersible, to drill one well at Block 11B/12B. The contract was estimated at US$55 million. (March, 2017)