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TTA Trinity Industries

29.00
0.20 (0.69%)
31 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Trinity Industries TG:TTA Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.69% 29.00 28.80 29.00 0.00 22:50:19

Drilling Report

05/09/2003 3:24pm

UK Regulatory


RNS Number:4552P
Total S.A.
5 September 2003


     Libya's Offshore Al Jurf Field in Block C 137 Starts Production 
 
Paris, September 5, 2003 - Total announces the start of production from Libya's 
Al Jurf field in Block C 137 located around 100 kilometers offshore in water 
depths of 90 meters. 

Total, operator of the block with a 37.5% interest, is partnered with 
Wintershall (12.5%) and the Libyan National Oil Corporation NOC (50%).

The Al Jurf field development consists of a platform with 10 production wells
connected to a floating production storage offloading (FPSO) vessel named
Farwah. The FPSO has a storage capacity of more than 900,000 barrels. Production
will be 40,000 barrels of oil per day once the field reaches plateau. 

This commencement of production will reinforce Total's position in Libya. In
this country, Total already operates the Mabruk field located in the west of the
Sirte Basin producing 18 000 barrels of oil daily. Total also holds 30% of the
foreign partner's interest in El Sharara field (NC 115) in the Murzuk Basin, and
which produces around 180 000 barrels of oil per day. In addition, the Group is
also present in exploration in the Murzuk Basin (blocks NC 186, 187, 190 and
191) and Sirte (block NC 192). 
 
                                   * * * * *
   
      
                      This information is provided by RNS
            The company news service from the London Stock Exchange


END

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