TotalFinaElf has recently become the operator of the Tempa Rossa oil field, located in the Basilicata region of southern Italy. The development of this field should be launched next year with first production expected in 2006.
Tempa Rossa will reach a production plateau of 50,000 barrels of oil per day. Oil production will be transported by pipeline to a refinery on the Italian coast at Taranto, from where it will be exported.
TotalFinaElf, which has recently purchased Eni's 25% interest in the Gorgoglione Concession, in which the Tempa Rossa field is located, now owns a 50% share in this Concession. Its partners are Enterprise Oil Italiana (25%) and Mobil Oil Italiana (25%).
Since the likes of the traditional Inauguration Day in the national Capitol are likely never to be witnessed again, take this opportunity from one who has been there to relate some truth about the experience