Total Takes Action on Gas Leaks

Bloomberg reported that yesterday Total SA (NYSE:TOT) stopped a gas leak in Nigeria and this week expects to halt a leak in the North Sea that began on March 25. There is not yet a date for when operations in Nigeria will restart.

As quoted in the market news:

‘The snubbing intervention which started on May 9 has been successful and has stopped the subsurface gas flow,’ Total’s Nigerian unit said in a statement yesterday following seepage at the Ibewa 16 well in the OML 58 license. ‘The cement seal of the well is now being finalized.’

Snubbing is a practice in which small pipes are introduced into the well to pump heavy fluids in to stop gas flow and block off the reservoir with cement plugs, according to the company.

Click here to read the full Bloomberg report.