No. 11



TotalFinaElf Testing First Development Well In Balal Field

TotalFinaElf last week began testing the first development well in Irans offshore Balal field in the Gulf, which the company is developing under a buyback contract awarded by the National Iranian Oil Company (NIOC). MEES learns that the results of the well are not likely to be made public, but that the project is currently on schedule for its revised first oil target date of third quarter 2002. The well...