Award of Donggala Block

Total Fina Elf.
7 December 2001


 
            Indonesia:TotalFinaElf awarded deep offshore block 

Paris, December 7, 2001 - The joint consortium of TOTAL FINA ELF/ INPEX
CORPORATION has been awarded the Donggala block by the Indonesian Ministry of
Energy and Mineral Resources. The block is located north of the Makassar
Straits, in water depths of between 1,800 and 2,500 metres. 

TotalFinaElf, the operator, and the Japanese company INPEX CORPORATION each
hold a 50% interest in the block. 

The Donggala block covers an area of 3,820 km2 and is located 75 kilometres
from the production facilities of the Tunu field, which is operated by
TotalFinaElf. A 3D seismic study has already been carried out on the block
and drilling operations should begin next year. 

The acquisition of the Donggala block is in line with the Group's strategy of
strengthening its position in the deep offshore, particularly in an area
where it is already a major player. 

TotalFinaElf currently produces in Indonesia, on behalf of the TOTALFINAELF/
INPEX CORPORATION association (50/50%), more than 500,000 barrels of oil
equivalent per day, of which 85% is gas, and supplies 60% of the gas
requirements of the Bontang LNG plant. The latter is the largest LNG plant in
the world, with an annual capacity of 22.25 million tonnes. 


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