TotalFinaElf Brings K1A Field On Stream

TotalFinaElf has brought on stream the K1A gas field in the Dutch sector of the North Sea, approximately 150 kilometers northwest of the Den Helder terminal. TotalFinaElf, the operator, holds a 42.37% interest in the field. Its partners are Energie Beheer Nederland B.V. (43.3%) and Nederlandse Aardolie Maatschappij B.V. (14.33%).

Development of the field is continuing, and is expected to result in production of around 20,000 barrels of oil equivalent per day by mid-2003.

The unmanned production platform, installed last summer, is equipped with a gas separation and processing unit. The production is exported to the Balgzand terminal, at Den Helder, via the existing facilities. The entire gas output is contracted for sale to Gasunie.

The start-up of production at K1A strengthens the position of TotalFinaElf in the Netherlands where it is the second largest operator, with an equity production of more than 70,000 barrels of oil equivalent per day in 2001.