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TOF VanEck ETFs NV

79.26
-0.06 (-0.08%)
Last Updated: 08:57:35
Delayed by 15 minutes
Name Symbol Market Type
VanEck ETFs NV EU:TOF Euronext Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.06 -0.08% 79.26 79.12 79.52 79.26 79.26 79.26 15 08:57:35

Development Plan Approval

28/04/2003 12:36pm

UK Regulatory


RNS Number:4294K
Total Fina Elf.
28 April 2003



Uk North Sea : Final Approval Given For Nuggets N4 Development Plan

Paris, April 28, 2003 - TotalFinaElf has announced that the UK authorities have
given final consent for the development plan for the Nuggets N4, located in the
UK sector of the North Sea, around 440 kilometers North-East of Aberdeen.

This decisions follows the approval of the development plan for the Nuggets N1
field in July 2000 et Nuggets N2 and N3 fields in March 2001.

Nuggets N4 will tie back to the existing Nuggets N1, N1 and N3 accumulations,
which began production in November 2001. It will be developed with subsea wells
tied back via a pipeline to the Alwyn North facilities and controlled from the
Dunbar platform. The Nuggets natural gas is processed on the Alwyn North
platform and carried to the St. Fergus terminal in Scotland through the Frigg
Transportation System.

First production of the field is scheduled for fourth quarter 2003. It will
increase production from the whole of Nuggets from 165 to 210 million standard
cubic feet of gas per day.

TotalFinaElf operates the Nuggets fields with a 100% working interest.

The development of Nuggets N4 confirms TotalFinaElf's strategy to continue
creating value in the exploration and development of fields adjacent to existing
infrastructures in the UK Continental Shelf.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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