Total Fina Elf.
1 March 2002
Letter to Company Announcement Office
K1A Field Comes On Stream in Dutch North Sea
Paris, March 1, 2002 - TotalFinaElf has brought on stream the K1A gas field in
the Dutch sector of the North Sea, approximately 150 kilometres northwest of the
Den Helder terminal. TotalFinaElf, the operator, holds a 42.37% interest in the
field. Its partners are Energie Beheer Nederland B.V. (43.3%) and Nederlandse
Aardolie Maatschappij B.V. (14.33%).
Development of the field is continuing, and is expected to result in production
of around 20,000 barrels of oil equivalent per day by mid-2003.
The unmanned production platform, installed last summer, is equipped with a gas
separation and processing unit. The production is exported to the Balgzand
terminal, at Den Helder, via the existing facilities. The entire gas output is
contracted for sale to Gasunie.
The start-up of production at K1A strengthens the position of TotalFinaElf in
the Netherlands where it is the second largest operator, with an equity
production of more than 70,000 barrels of oil equivalent per day in 2001.
From TotalFinaElf
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