The permit to be operated by Total, has been jointly attributed to Total and to a subsidiary of the American group Devon.
Devon having decided at the end of 2009 to focus its activities in North America, Total also announced having acquired Devon’s French affiliate. Through this transaction, which is subject to ministerial approval, Total will hold a 100% stake in the license.
Yves-Louis Darricarrere, president of exploration & production at Total, said: “Total has committed to a program of work that is aimed at confirming the presence of shale gas in the region, and appraising the possibility of an economical development of these resources.
“Should the first geological activities be promising, exploration wells will be drilled in order to evaluate this potential.”
With this new permit, and further to the acquisition of a 25% interest in Chesapeake’s permit in the Barnett Shale play in the US at the end of 2009, Total has confirmed its willingness to develop its activities in non-conventional gas.
In France, Total has operated fields since 1939, notably the Lacq and Meillon gas fields located in the southwest of France, of which Total holds a 100% interest. In 2009, the group produced 24,000 barrels of oil equivalent per day.
The group’s significant production activity in France has been on the Lacq field, which began in 1957.
A pilot project to capture, inject and store carbon dioxide was inaugurated in January 2010. As part of the group’s sustainable development policy, this project will allow the group to assess one of the technological possibilities for reducing emissions of carbon dioxide into the atmosphere.
