28th Mar 2007 15:13
Total S.A.28 March 2007 UK North Sea: Total announces the Launch of the Development of the Jura Field Paris, March 28, 2007 - Total announces that development of the Jura gas andcondensate field has been launched, just four months after it was discovered.The Jura discovery represents more than 170 million barrels of oil equivalent ofproved and probable reserves and is located in the Alwyn Area (100% owned andoperated by Total) in the UK sector of the North Sea, 160 kilometres east of theShetland Islands and 440 kilometres northeast of Aberdeen. Jura is scheduled to come on stream in the second quarter of 2008 and producearound 45,000 barrels of oil equivalent per day at plateau. It will be connectedvia a three kilometre pipeline to the Forvie North subsea wellhead, itselfconnected to the Alwyn North processing platform. The additional output shouldenable the Alwyn facilities to continue producing at full capacity until earlynext decade. "The early development Of Jura demonstrates Total's ability to fast-trackdevelopment of discoveries, said Christophe de Margerie, Chief Executive Officerof Total. It also illustrates the Group's commitment to continue investing inorder to contribute to the development of the North Sea's oil and gasresources." Total is continuing exploration in the UK sector of the North Sea, with anappraisal well on Kessog (a high-temperature/high-pressure field near ElginFranklin) followed by another exploration well on the Jura East prospect. Recent discoveries lifted the Group's proved and probable reserves in the UK toover 1 billion barrels of oil equivalent in 2006. Developing the new fields willextend the Alwyn Area's production life and help to maximize recovery of theUK's oil and gas resources. Total's Exploration and Production in the United Kingdom Total E&P UK Limited is one of the leading oil and gas producers on the UKContinental Shelf, with equity production of 280,000 barrels of oil equivalentper day in 2006. Based in Aberdeen, Scotland, the company owns and operates acluster of fields in the Alwyn Area of the northern North Sea, the Elgin andFranklin fields in the Central North Sea and the Otter field northeast ofShetland. The Company also operates the St. Fergus gas terminal and a gastransportation system, and has interests in a number of non-operated fields. ****** Total is one of the world's major oil and gas groups, with activities in morethan 130 countries. Its 95,000 employees put their expertise to work in everypart of the industry - exploration and production of oil and natural gas,refining and marketing, gas trading and electricity. Total is working to keepthe world supplied with energy, both today and tomorrow. The Group is also afirst rank player in chemicals. www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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