TotalFinaElf Installs Production Platform Offshore Netherlands

TotalFinaElf announces the installation of a production platform on Block K1a, located in the Dutch sector of the North Sea, around 93 miles northwest of Den Helder. The start-up of gas production from this development is planned for early next year from two wells. Drilling will begin before the end of August. This new satellite will produce around 3 million cubic meters of gas per day. All gas has been sold to Gasunie.

This new development further strengthens the position of TotalFinaElf in the Netherlands where it is the second largest operator, with a gas production of 73,000 barrels of oil equivalent per day in 2000. Partners in block K1a are TotalFinaElf with 42.37 percent, Energie Beheer Nederland B.V. with 43.3 %, and Nederlandse Aardolie Maatschappij with the remaining 14.33%.