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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.

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