Stmt re Amenam/Kpono field
Total S.A.
15 July 2003
Nigeria: first production of Amenam/Kpono and start up of a new floating storage
and offloading facility
Paris - July 15, 2003 - Total announces the start of production of the
Amenam/Kpono field operated by its subsidiary Elf Petroleum Nigeria Limited
(EPNL) that will produce 125,000 barrels of oil per day once it reaches peak
production.
The field is located 30km offshore in a water depth of 40 meters and straddles
two concession areas, Oil Mining Lease (OML) 99 operated by EPNL and OML 70
operated by Mobil Producing Nigeria Unlimited, a subsidiary of Exxonmobil.
EPNL, operator with a 30.4% interest, is partnered with the Nigerian National
Petroleum Corporation (NNPC) and Mobil Producing Nigeria.
Furthermore, the NNPC/EPNL joint venture (NNPC 60%, EPNL 40% operator) has put
into place a new floating storage and offloading (FSO) facility, replacing the
FSO Domy, that collects production from Amenam/Kpono as well as from Odudu and
Ofon located respectively in OML 100 and 102. The new FSO Unity has a storage
capacity of more than 2.4 million barrels of oil.
The combined investment for these two projects is $1.4 billion.
'We are proud to bring this important project on-stream on-time and within
budget. Amenam/Kpono fits within the Group's strategy of increasing production
by an average of 5% annually over the next 5 years', declares Christophe
de Margerie Total's President Exploration and Production.
'It was extremely important for us to contribute to local communities,'
continues Mr. de Margerie. 'We worked closely with international
non-governmental organisations to put into place sustainable development
programmes that would provide long-standing and tangible benefits for the people
of Nigeria.'
In line with Total's environmental policies, there will be no gas flaring.
Associated gas will be re-injected and in a second phase part of this associated
gas will be transferred to the Nigerian liquefied natural gas (LNG) Bonny plant
for export.
Total is the fourth largest oil and gas company in the world with operations in
more than 120 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals
through its chemicals branch, Atofina. Total has 121,000 employees worldwide.
More information can be found on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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