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NEWS UPDATES 29 January 2010

Total Brunei eyes production increase

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Total E&P Borneo BV hopes to see an increase in its production within the next five years, the Brunei Times reported, quoting the company's general manager.

Louis Heuzé said the company, with the current production is 30,000 barrels of oil equivalent per day, hopes to get more results from Block B which has been producing since 1999.

"We have just started a new exploration well earlier this week and we want to keep up the pace, so yes, we want to be able to increase our production," said Heuzé. As for Total's other block, Block J, Heuzé said they are planning to see drilling works begin in the end of 2010 or beginning of 2011.

Total's target is to keep on growing in Brunei, he added. In Brunei, Total is represented by Total E&P Borneo BV and Total E&P Deep Offshore Borneo BV.

It was granted its first Certificate of Registration in January 1987 and 1990 oil and gas were discovered in the Maharaja Lela Jamalulalam field, 50km off the cost of Brunei. In 1997, a contract was signed for the sale of the field's gas to BLNG. Total is the operator with 37.5 per cent interest in Block B and 60 per cent interest in Block J.


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