Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea.
The area is located off the capital Conakry covering approximately 55,000 sq-km.
According to the terms of this agreement, Total will have a year to assess the potential of the basin on the basis of existing data. At the end of this period, the Group will select three licenses to start an exploration program. As part of the deal, Total will also train ONAP staff to develop their technical skills in exploration and production.
“By taking this position on a new under-explored area, Total pursues its exploration strategy targeting deep offshore prospective basins,” declared Kevin McLachlan, senior vice president exploration for Exploration & Production at Total. “Total has the opportunity to evaluate a very large area, located in an extension of the prolific Mauritania/Senegal basin where we already are. This will allow us to capitalise on our know-how and experience acquired in West Africa.”