Drilling Report

Total Fina Elf.
4 December 2001


                 Angola's Deepwater Girassol Field Comes on Stream

Paris - December 4, 2001 - Sonangol, the Angolan state oil company, as 
concessionaire and TotalFinaElf, as operator, announce first production from 
Angola's deepwater Girassol field in Block 17. Located in water depths of 1,350 
metres, 150 kilometres offshore, Girassol is the largest deepwater development 
to be brought onstream in the world.

Discovered in April 1996, the Girassol field has been brought onstream three and
a half years after the decision to go ahead with the development was taken.

At production start-up, 11 wells have been connected of which eight are 
producers. Development drilling will continue until 2003. Ultimately, a total of
39 subsea are planned, of which 23 will be producers, 14 water injectors and two
gas injectors. The subsea installations consist of 70 kilometres of infield 
pipelines linked to three riser towers carrying production to a Floating 
Production Storage Offloading (FPSO) vessel. The FPSO, the largest of its type 
ever built, is capable of processing 200,000 barrels of oil per day and storing 
2 million barrels.


The coventurers in Block 17 are as follows:

TotalFinaElf E&P Angola - Operator                   40%
Esso Exploration Angola (Block 17) Limited           20%
BP                                                16.67%
Statoil                                           13.33%         
Norsk Hydro                                          10%