Libya
TotalFinaElf SA began development work on structure B of Block 137, an oil field in the Mediterranean 100 km off Libya in 90 m of water.
The field was discovered in 1975 and confirmed in 1998. TFE is operator with 37.5%, Libyan National Oil Corp. holds 50%, and Wintershall AG 12.5%.
The development plan calls for oil production start in early 2003 from a platform connected to a floating storage and offloading vessel. Production is expected to plateau at 35,000 b/d.
