Total’s Solution to the Natural Gas Leak

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Total SA (NYSE:TOT), Europe’s third-largest oil company, said today it is making plans to stem a natural-gas leak at its North Sea Elgin platform by drilling two relief wells to intersect the original shaft and restrict the flow of fuel.

Gas has been escaping from the abandoned well at a rate of about 200,000 cubic meters a day since March 25, and Total said March 30 the source is a rock formation above the producing reservoir of the field.

The relief well may take six months to drill, Total said last week.

To contact the reporter on this story: Patricia Lee at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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