Total Launches Development of Jura Field
Total says 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 kilometers east of the Shetland Islands and 440 kilometers 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 kilometer 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 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.
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