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 and
condensate field has been launched, just four months after it was discovered.
The Jura discovery represents more than 170 million barrels of oil equivalent of
proved and probable reserves and is located in the Alwyn Area (100% owned and
operated by Total) in the UK sector of the North Sea, 160 kilometres east of the
Shetland Islands and 440 kilometres northeast of Aberdeen.
Jura is scheduled to come on stream in the second quarter of 2008 and produce
around 45,000 barrels of oil equivalent per day at plateau. It will be connected
via a three kilometre pipeline to the Forvie North subsea wellhead, itself
connected to the Alwyn North processing platform. The additional output should
enable the Alwyn facilities to continue producing at full capacity until early
next decade.
'The early development Of Jura demonstrates Total's ability to fast-track
development of discoveries, said Christophe de Margerie, Chief Executive Officer
of Total. It also illustrates the Group's commitment to continue investing in
order to contribute to the development of the North Sea's oil and gas
resources.'
Total is continuing exploration in the UK sector of the North Sea, with an
appraisal well on Kessog (a high-temperature/high-pressure field near Elgin
Franklin) followed by another exploration well on the Jura East prospect.
Recent discoveries lifted the Group's proved and probable reserves in the UK to
over 1 billion barrels of oil equivalent in 2006. Developing the new fields will
extend the Alwyn Area's production life and help to maximize recovery of the
UK'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 UK
Continental Shelf, with equity production of 280,000 barrels of oil equivalent
per day in 2006. Based in Aberdeen, Scotland, the company owns and operates a
cluster of fields in the Alwyn Area of the northern North Sea, the Elgin and
Franklin fields in the Central North Sea and the Otter field northeast of
Shetland. The Company also operates the St. Fergus gas terminal and a gas
transportation 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 more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.