Re Agreement

Total Fina Elf.
20 March 2002


           Norway: TotalFinaElf takes 10% in all of the fields within 
                                 the Oseberg zone

Paris, March 20, 2002 - TotalFinaElf announces that it has signed an agreement
with the Norwegian authorities aimed at rearranging and increasing its interests
in the fields within the Oseberg zone in the Norwegian North Sea.

The Group now holds a 10% interest in each of the four permits that make up the
zone (PL 53, PL 079, PL 104, PL 171B) and in this way takes an interest in the
Oseberg South field. Production from the Oseberg zone is currently around
380,000 barrels of oil equivalent per day.

As a result of this new agreement, TotalFinaElf has strengthened its position in
Norway, where the Group is a leading international oil and gas producer, with a
production of around 400,000 barrels of oil equivalent per day.
 

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