Total: Starts Up Norway Tyrihans Oil, Gas Field
July 08 2009 - 9:57AM
Dow Jones News
French oil major Total SA (TOT) Wednesday announced the start of
production at the Tyrihans oil and gas field in the Norwegian Sea,
the largest to be brought on stream in the Scandinavian country
this year.
Total owns a 23.2% interest in the field. Norway is the
single-largest contributor to Total's production, yielding around
335,000 barrels of oil equivalent a day in 2008.
Norway's StatoilHydro ASA (STO) is the operator of Tyrihans,
with a 58.8% interest.
Development drilling operations will continue over the next two
years, Total said, adding that it expects its share of production
to average around 25,000 barrels of oil equivalent a day over the
next decade.
-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756;
adam.mitchell@dowjones.com