3rd Nov 2005 17:21
Total S.A.03 November 2005 Norway's Kristin Field Brought on Stream Paris - November 3, 2005 - Total announces that the high-pressure/high-temperature (900 bar/170degrees C) Kristin offshore field has been brought onstream in Norway. Located 240 kilometers offshore and 20 kilometers from the Asgard field, inwhich Total also has an interest, Kristin is a subsea development in 315 metersof water. The field's output is processed on a new semi-submersible platform,after which the condensate is exported to Asgard C and the gas is piped to theKarsto terminal via the existing network. Kristin will produce around 220,000 barrels of oil equivalent per day inplateau. Total (6%) is partnered with Statoil (operator), Petoro, Norsk Hydro,ExxonMobil and ENI on the project. The new production consolidates Total's growth base in the Norwegian Sea. TheGroup reported output of 406,000 barrels of oil equivalent per day in Norway in2004. ****** 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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