The North sea, one of the group's anchorage points

The North Sea is one of the pillars of the Elf Aquitaine group's Exploration-Production strategy. The most recent start-up in the North Sea, last february, concerned the Froy field where Elf Petroleum Norge (AS) is an operator with a 24.573 % interest alongside Statoil, Total Norge AS (15.2346 %) and Norsk Hydro. The first gas sales occurred on June 15, as scheduled. The oil production marketed by Elf (net of royalties) remained stable at 13.9 Gm3. At january 1,1995, Elf Aquitaine's mining area covered a gross surface area of 435,894 km2. In countries where the group is already established, the policy is : - to withdraw from exploration licenses considered as being the least promising in terms of discovery or profitability; - to concentrate on sectors where the existing production means allow for an optimisation of later developments ; - to penetrate more extensive exploration areas with good targets. In the British zone, the additional reserves revealed in the Elgin and Franklin condensate fields have doubled the initial forecast, placing the former among the major fields. All the discoveries made in the British zone have allowed the group to renew productions until now. Elf's production in Piper, Saltire, Chanter is 100,000 b/d which is added to the production of the Claymore and Scapa fields (100,000 b/d). The Flotta terminal processes the crude coming from these fields to which is added the production from the neighbouring fields of Tartan (Texaco) and Ivanhoe-Rob Roy (Amerada Hess), i.e. a total of more than 300,000 b/d. Other than Elgin or the Viking Graben, the future of the Elf group in Great Britain will most certainly come from the West Shetlands and the Irish Sea. In the Norwegian zone, the group has interest in the Frigg, Heimldal, Ekofisk, Valhall, Lille-Frigg, Froy, Oseberg, Hod, Sleipner East an Sleipner West Brage, Troll, Snorre, Statfjord East and Tordis production fields. (authors). 3 tabs., 1 photo