Re Agreement

TOTAL S.A.
                  

 GAZPROM AND TOTAL SIGN A FRAMEWORK AGREEMENT FOR COOPERATION IN THE FIRST PHASE
                             OF SHTOKMAN DEVELOPMENT

Today, at Gazprom's headquarters, Gazprom's acting Chief Executive Officer
Alexander Ananenkov, General Director of OOO Sevmorneftegaz Yury Komarov, and
Chief Executive Officer of Total Christophe de Margerie have signed a Framework
Agreement for Cooperation in the Development of the First Phase of the Shtokman
Gas Condensate field.

In accordance with the Agreement, the parties will set up a Special Purpose
Vehicle (SPV) to organize the design, financing, construction and operation of
the Shtokman phase one infrastructure. The SPV will own this infrastructure for
25 years from field commissioning.

Gazprom will have a 75% participating interest in the SPV and Total will have
25%. Upon completion of phase one operations, Total will transfer its share to
Gazprom.

The Agreement provides for the possibility for other foreign partners to join
the project up to a 24% participating interest at the expense of the Gazprom's
share.

Gazprom owns 100% of the Shtokman license holder (OOO Sevmorneftegaz). It will
also retain all hydrocarbons marketing rights.

The first phase of development is intended to produce 23.7 BCM/year of natural
gas. Deliveries of pipeline gas are expected to commence in 2013 and the first
LNG will be delivered in 2014.

The relationship between the SPV and OOO Sevmorneftegaz will be based on a
contract under which the SPV will bear all financial, geological and technical
risks related to the production of gas, condensate and LNG.

An agreement has been reached to start joint project implementation activities
already in July 2007

Note:

ZAO Sevmorneftegaz (a 100% subsidiary of OAO Gazprom) holds a license to explore
for and produce gas and condensate in the Shtokman field and is a sole customer
for the design and construction of the field infrastructure, including a
production complex, a pipeline network and an LNG plant.

Total is one of the world's largest energy companies. Its activities in more
than 130 countries worldwide cover the entire operation cycle from production to
sales of refined products to end users.

Total is also involved in the transportation and storage of natural gas, as well
as in electricity generation at combined-cycle gas-fired power plants and use of
renewable energy sources. It is also active in the marketing and sales of
natural gas, electricity, LNG, LPG and coal.

The Shtokman field is located in the central part of the Russian sector of the
Barents Sea.

As certified by the State Commission for Reserves under the RF Ministry of
Natural Resources, its C1+C2 reserves are estimated at 3.7 trillion cubic meters
of gas and over 31 million tons of condensate.

In October 2006, Gazprom's Management decided that Shtokman pipeline gas
deliveries to the European market should be assigned a first-priority status.
The Shtokman field was selected as the source of Russian gas exports to Europe
by the North Stream gas pipeline.

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ÎÀÎ GAZPROM                                                         Total S.A.
INFORMATION DIVISION                                        Investor Relations

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