24th Jun 2005 08:24
Total S.A.24 June 2005 Carina-Aries Gas Development Brought on Stream in Tierra del Fuego, Argentina Paris - June 24, 2005 - Total announces that the Carina-Aries gas fields,located offshore the Tierra del Fuego province, Argentina, have been brought onstream. Total operates the project with a 37.5% interest, alongside partnersWintershall and Pan American Energy. Carina and Aries are located 80 and 40 kilometers offshore in a water depth of80 and 60 meters respectively. The gas is produced from two unmanned platformsand piped onshore, where it is processed in the Rio Cullen and Canadon Alfaunits. Production of Carina-Aries will eventually ramp up to a plateau of 8 millioncubic meters per day allowing for a consolidated gas production of 11.5 millioncubic meters per day for the consortium in Tierra del Fuego. Present in Argentina since 1978, Total is, through its subsidiary Total Austral,the country's second-biggest gas operator, with fields operated in Tierra delFuego and the Neuquen region. The Group also holds interests in pipelinesserving the Argentinean market and neighbouring countries. Furthermore, Total isArgentina's second largest electricity producer with interests in the CentralPuerto and Hidroelectrica Piedra del Aguila power plants. Total is the fourth largest oil and gas company in the world with operations inmore than 130 countries. Total's activities cover the whole energy chain of thepetroleum industry:exploration, oil and gas production, refining and marketing,trading and power generation. The Group is also a major player in chemicals.Total has more than 111,000 employees worldwide. More information can be foundon the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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