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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: EmailDelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0026 OCT 16,2001 2:01 PACIFIC 05:01 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Drilling Deep Oil Reserves Offshore Angola, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 16, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources Inc.; Houston, Texas). Girassol, the Angolan offshore, deepwater oil project run by TotalFinaElf is set to raise the country's daily output by over 25% from 750,000 barrels per day (bpd) to 950,000 bpd. The US$2.7 billion project is expected to start pumping by the end of 2001 and to have 40 wells at a depth of 1,360m producing 200,000 bpd. It is estimated that a number of the wells could produce 40,000 bpd. Partners in Block 17 with TotalFinaElf are Exxon-Mobil, BP, Statoil from Norway and Norsk Hydro with stakes ranging from 10% to 20%. Claiming that the 1,300m riser tower is the tallest offshore structure in the world, the company has installed a floating storage and production vessel (FPSO) with a capacity of two million barrels of crude. The potential of this and two other discoveries in the area with a combined total of around three billion barrels has motivated the company to meet and solve the challenges of ultra deep water drilling. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Energy markets as well as other industrial sectors send inquiries to oil&gasproductiongroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--AS/na* CONTACT: Industrial Information Resources Inc., Houston Joseph Govreau, 713/783-5147 www.industrialinfo.com KEYWORD: TEXAS ANGOLA INTERNATIONAL AFRICA/MIDDLE EAST INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: Industrial Information Resources Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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