Talisman Significant Gas Condensate Discovery In Colombia

Total: Significant Gas Condensate Discovery In Colombia


12:05 EDT Wednesday, June 03, 2009

Edited Press Release

PARIS -(Dow Jones)- Total (TOT) announced Wednesday the discovery of a significant gas condensate field in the Niscota block of the Andes foothills, 300 kilometres north east of Bogota, Colombia.

Total owns a 50% interest in the block, alongside partners Talisman Energy Inc. (TLM) (30%) and Hocol (operator, 20%).

The exploration well, Huron-1, drilled a prospect to a depth of approximately 5,500 metres in a heavily faulted area, and encountered several reservoirs, one of which was tested at 3,400 barrels per day of gas condensate, and the others are still to be tested.

The appraisal of the Huron-1 structure is underway with the start of a 3D seismic campaign aiming to precisely define the importance of this discovery and to locate the future appraisal wells.

Company Web site: www.total.com


(END) Dow Jones Newswires
06-03-09 1203ET
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