Total S.A.
16 February 2006
Tyrihans Development Approved by Norwegian Parliament
Paris, February 16, 2006 - The Norwegian Parliament has approved plans to
develop the Tyrihans field, located around 170 kilometers offshore
in the Haltenbanken area of the Norwegian Sea in 285 meters of water. Total
has a 21.51% interest in the field and is partnered with Statoil (46.8%,
operator), Norsk Hydro (12%), ExxonMobil (11.75%) and Eni (7.9%).
The project includes the simultaneous subsea development of two structures, one
for oil and natural gas (Tyrihans North) and the other for condensate (Tyrihans
South). The wells will be tied to processing facilities in the nearby Kristin
field, in which Total also has an interest. After separation, the liquids will
be exported via the existing terminal of Asgard and the gas will be piped to the
Karsto plant with output from Kristin
Production at Tyrihans is scheduled to begin in 2009 and is expected to reach an
initial plateau of around 70,000 barrels of oil equivalent per day in 2011.
Together with its recent acquisition of an additional 30% interest in the
Victoria discovery, the development of Tyrihans strengthens Total's position in
Norway and consolidates its growth base in the Haltenbanken area of the
Norwegian Sea.
Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum 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 found
on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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